Ansys simulation solutions will help digitalize and standardize product development processes across the Schaeffler enterprise/ Key Highlights Ansys solutions will help decarbonize product development and shape design strategies for hybrid/electric powertrain solutions and industrial applications Ansys will support digital transformation within the Schaeffler enterprise by standardizing workflows to improve product development efficiency and manage material waste PITTSBURGH, Feb. 14, 2024 /PRNewswire/ -- A ...

The web-based technology unlocks the power of cloud computing for faster CFD simulations, reducing reliance on hardware resources/ Key Highlights Ansys Fluent Web user interface™ (UI) enables users to remotely interact with simulations running on the cloud anywhere from any device The interface supports large-scale parallelization of massive computational fluid dynamics (CFD) simulations by tapping into multi-GPU and cloud computing capabilities to reduce power consumption and increase simulation speed by ...

NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies. Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: Carrols Restaurant Group, Inc. (NASDAQ:TAS ...

An expanded partnership between Ansys and Humanetics will unlock new levels of value and accuracy in the human safety engineering ecosystem/ Key Highlights Ansys has entered into a definitive agreement to acquire a minority ownership interest in Humanetics to strengthen their existing relationship Ansys and Humanetics intend to expand their partnership to further push innovation in the human safety engineering ecosystem This partnership will drive greater value for customers in the automotive industry and ...

As the artificial intelligence (AI) race heats up, investors have become increasingly aware of the powerful position of electronic design automation (EDA) software companies. That's because these companies deal with a type of design suite specifically for semiconductors that are so vital to AI's development. As a result, industry leaders Synopsys (SNPS 4.65%) and Cadence Design Systems (CDNS 4.71%) have been off to the races, sporting respective gains of 59% and 71% since the start of 2023. Synopsys stock h ...

Ansys (ANSS) and Synopsys (SNPS) have officially announced their entry into a definitive agreement, paving the way for Synopsys to acquire Ansys. The terms of the agreement outline that Ansys shareholders will receive $197 in cash along with 0.3450 shares of Synopsys common stock for each Ansys share.This deal, valued at approximately $35 billion, reflects an implied per-share consideration of $390.19 and represents a premium of about 29% over Ansys' closing stock price on Dec 21, 2023. Ansys shareholders a ...

Key TakeawaysChip design software maker Synopsys Inc. on Tuesday announced a cash-and-stock deal to acquire simulation software company Ansys Inc. that's valued at $35 billion.The deal brings together Synopsys' semiconductor electronic design automation (EDA) with longtime partner Ansys' simulation technology.Synopsys said it plans to fund the bulk of the $19 billion cash portion of the deal with a debt offering.Synopsys stock rose about 1.5% in intraday trading Tuesday after the announcement.Synopsys Inc. ...

Key TakeawaysU.S. equities kicked off the shortened trading week lower at midday on Tuesday, Jan. 16, 2024 as bond yields rose.Boeing shares sank after saying it would add additional quality inspections of its 737 Max jet and a downgrade from Wells Fargo.Shares of semiconductor design and software firm Synopsys gained after announcing its purchase of engineering software and services company Ansys for $35 billion.U.S. equities started the shortened trading week lower at midday as the yield on the 10-year Tr ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Synopsys, the largest provider of electronic design automation software, agreed to buy Ansys for $35 billion in cash and stock in the biggest technology deal of 2024 so far. ...