Synopsys Responds to the European Commission Approving its Proposed Acquisition of Ansys in Phase 1

Regulatory Approvals and Progress - The European Commission (EC) has approved Synopsys' proposed acquisition of Ansys in Phase 1, marking significant progress in gaining regulatory approval across various jurisdictions [1] - The UK CMA has provisionally accepted the remedies proposed by Synopsys for transaction approval in Phase 1 [1] - The U S HSR Act waiting period has expired, and the company is cooperating with the FTC to conclude its investigation and review of the proposed remedies [1] - China SAMR has officially accepted the filing, and its review is currently in process [1] - Synopsys continues to work with regulators in other relevant jurisdictions to conclude their reviews [1] Customer Support and Transaction Benefits - Customers have expressed overwhelming support for the transaction, highlighting the potential for innovation across industries [2] - The combined capabilities of Synopsys and Ansys aim to address the increasing customer need for system design solutions, integrating EDA and Simulation and Analysis (S&A) software [2] - The transaction is expected to close in the first half of 2025 [2] Company Overview - Synopsys delivers comprehensive silicon-to-systems design solutions, including electronic design automation, silicon IP, and system verification and validation [2] - The company partners with semiconductor and systems customers across various industries to enhance R&D capability and productivity, driving innovation [2] Forward-Looking Statements - The press release contains forward-looking statements regarding the proposed transaction, including anticipated timing of closing and pending regulatory approvals [3] - These statements are based on current expectations and assumptions, subject to risks and uncertainties [3]