04:49 PM EDT, 09/19/2024 (MT Newswires) -- Synopsys ( SNPS ) said late Thursday it has agreed to sell its optical solutions group to Keysight Technologies ( KEYS ) for "undisclosed terms."

The company said the deal is subject to closing conditions and the completion of its proposed acquisition of Ansys. Ansys deal is pending regulatory approvals and will likely close in H1 2025.

The sale of optical solutions is a "necessary step towards obtaining regulatory approval of and successfully closing Synopsys' ( SNPS ) proposed acquisition of Ansys," it said.

Price: 520.55, Change: +6.43, Percent Change: +1.25