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CTS Corporation: Light At The End Of The Transition Tunnel (NYSE:CTS)
Seeking Alpha· 2025-11-25 12:10
If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!It has been quite a while since I covered shares of CTS Corporation ( CTS ) . In the summer of 2023, I concluded that shares were no longer rolling, as the engineering solutions player operated so ...
INNEOVA Holdings' CEO Issues Letter to Shareholders
Globenewswire· 2025-11-18 12:00
Charting INEO’s Next Chapter: Powering a Sustainable and Intelligent Future SINGAPORE, Nov. 18, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (“INNEOVA Holdings” or the “Company”) (Nasdaq: INEO), a Singapore-based engineering solutions provider that maximizes equipment uptime, optimizes total cost of ownership, and extends asset longevity through sustainable engineering, today issued the following letter from INNEOVA Chief Executive Officer, Jimmy Neo. To our valued shareholders,With immense pride in ou ...
Synopsys Receives Final Regulatory Approval to Close Planned Divestitures of Synopsys Optical Solutions Group and Ansys PowerArtist
Prnewswire· 2025-10-10 13:00
Core Points - Synopsys, Inc. has received approval for the divestiture of its Optical Solutions Group and PowerArtist businesses to Keysight Technologies, Inc. [1][2] - The divestitures are a regulatory requirement related to Synopsys' acquisition of Ansys, which was completed on July 17, 2025 [2]. - The expected completion date for these divestitures is around October 17, 2025 [2]. - The transactions are not material to Synopsys' financials, and specific terms of the agreements have not been disclosed [2]. Company Overview - Synopsys, Inc. is a leader in engineering solutions from silicon to systems, focusing on enabling customers to innovate AI-powered products [3]. - The company provides industry-leading silicon design, IP, simulation, and analysis solutions, along with design services [3]. - Synopsys collaborates closely with customers across various industries to enhance their R&D capabilities and productivity [3].
Synopsys Completes Acquisition of Ansys
Prnewswire· 2025-07-17 13:01
Core Insights - Synopsys has completed the acquisition of Ansys, enhancing its capabilities in silicon design, IP, and simulation to foster innovation in AI-powered products [1][2][4] - The combined entity is now positioned to capture an expanded total addressable market (TAM) of $31 billion [1][7] - The integration aims to deliver the first set of combined capabilities in the first half of 2026, focusing on multiphysics across the full EDA stack [3][7] Company Overview - Synopsys is recognized as a leader in engineering solutions, providing industry-leading silicon design, IP, simulation, and analysis solutions [5] - The acquisition aligns with Synopsys' mission to empower innovators across various industries, including semiconductors, automotive, aerospace, and more [2][5] Leadership Changes - Ajei Gopal and Ravi Vijayaraghavan from Ansys will join Synopsys' board of directors, indicating a commitment to a smooth integration process [1][2] Financial Position - The acquisition is expected to strengthen Synopsys' financial position, with projected margin expansion and increased unlevered free cash flow generation, facilitating rapid deleveraging over two years [4]
INNEOVA Holdings Limited Strengthens Engineering Capabilities and Accelerates Growth in Sustainable Solutions with the Acquisition of INNEOVA Engineering Pte. Ltd.
Globenewswire· 2025-04-30 12:00
Core Insights - INNEOVA Holdings Limited has completed the acquisition of INNEOVA Engineering Pte. Ltd., enhancing its engineering capabilities and commitment to green technologies [1][2][3] Company Overview - INNEOVA Holdings, formerly SAG Holdings Limited, is a Singapore-based provider of high-quality OEM, third-party branded, and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines [7] - The company reported revenues of $59.5 million for the financial year ended December 31, 2023, with a balanced revenue mix between its On-Highway Business (45.1%) and Off-Highway Business (54.8%) [4] Strategic Expansion - The acquisition of INNEOVA Engineering is a significant milestone in the company's transformation strategy, allowing it to diversify into comprehensive engineering solutions and systems integration [2][3] - This strategic move is expected to create synergies and expand service offerings, particularly in engineering solutions and sustainable technologies [4][5] Engineering Solutions - INNEOVA Engineering specializes in turnkey engineering solutions across key sectors such as transport, healthcare, defense, utilities, and facility management, focusing on innovation and sustainability [6] - The integration of INNEOVA Engineering is anticipated to enhance the company's ability to meet the growing demand for sustainable engineering solutions [5][6]