01:42 PM EST, 01/10/2025 (MT Newswires) -- (Updates with statement from Synopsys ( SNPS ).)

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.

Meanwhile, in its own statement, Synopsys ( SNPS ) said it was "pleased" with the decision.

"Today's clearance decision follows the strong progress we have made toward gaining regulatory approval across various jurisdictions," the company said.

Synopsys ( SNPS ) said it was working with regulators in the US and other relevant jurisdictions to conclude their review and still expect the transaction to close in H1 2025.

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

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