12:48 PM EST, 01/10/2025 (MT Newswires) -- (Updates with details starting in the third paragraph.)

Synopsys ( SNPS ) secured approval from the European Commission for its proposed $35 billion acquisition of Ansys ( ANSS ) , according to a statement from the Commission Friday.

The Commission said its approval was conditional upon Synopsys ( SNPS ) and Ansys ( ANSS ) divesting some of their assets.

Specifically, it said Synopsys ( SNPS ) agreed to divest its optics and photonics software while Ansys ( ANSS ) agreed to sell its power consumption analysis software to address antitrust concerns.

The commitments made by the two companies "fully address the competition concerns by ensuring that there will be sufficient competition and choice in the global markets for the supply of optics, photonics and register-transfer-level power consumption analysis software," the European Commission said in a statement.

Synopsys ( SNPS ) and Ansys ( ANSS ) did not immediately respond to requests for comment from MT Newswires.

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