EU approves proposed acquisition of Ansys by Synopsys

The European Commission said it has approved, under the EU merger regulation, the proposed acquisition of Ansys (ANSS) by Synopsys (SNPS). The approval is conditional upon full compliance with the commitments offered by the parties, the agency said in a statement. “To address the Commission’s competition concerns, the parties offered to divest to a suitable purchaser the entire overlap in terms of the merging parties’ respective activities in the markets where the Commission identified significant competition concerns,” it added. The “commitments fully address the competition concerns by ensuring that there will be sufficient competition and choice in the global markets for the supply of optics, photonics and register-transfer-level power consumption analysis software,” said the European Commission.