Software company Synopsys has acquired Ansys in a cash-and-stock deal valued at approximately $35 billion. This merger brings together two major automation and engineering software companies and will enhance Synopsys’ Silicon to Systems strategy. The deal is expected to close by the first half of 2025, pending approval from Ansys shareholders. Both Synopsys and Ansys have experienced significant growth, particularly in the artificial intelligence sector. This acquisition may signal a trend for large tech acquisitions in 2024. Synopsys’ biggest customers include Advanced Micro Devices and Intel, while Ansys is heavily involved in automotive, aerospace and defense, construction, energy, materials, and chemical processing. Shareholders of Ansys are expected to own about 16.5% of the combined company.+