04:58 PM EST, 01/06/2025 (MT Newswires) -- Ansys ( ANSS ) and Synopsys ( SNPS ) said Monday that Ansys ( ANSS ) has agreed to sell its PowerArtist business to Keysight Technologies ( KEYS ) .

The terms of the deal weren't provided.

The deal is subject to review by regulators and the closing of Synopsys' ( SNPS ) planned acquisition of Ansys ( ANSS ), which is pending regulatory clearance and is expected to close in H1 2025, the companies said.

Ansys ( ANSS ) and Synopsys ( SNPS ) said that they determined that the sale of PowerArtist was needed to get regulatory approval for Synopsys' ( SNPS ) planned acquisition of Ansys ( ANSS ).

PowerArtist is a platform used by semiconductor companies for power analysis and other projects, the companies said.