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07/2025100%

Ansys acquired by Synopsys

UNITED STATES Software / Engineering & Design Software EV $20–50bn

Context

The transaction represents the 100% acquisition of Ansys by Synopsys, a transformational deal that unites two industry leaders to create a powerhouse in silicon-to-systems design solutions. Structurally, this acquisition combines the acquirer's pioneering semiconductor EDA capabilities with the target's broad, multi-physics simulation and analysis portfolio. This merger is driven by the increasing systemic complexity of intelligent systems, which necessitates a deeper integration of electronics and physics to ensure product reliability and performance. From a strategic perspective, this deal allows the combined entity to address a significantly expanded total addressable market, moving beyond core semiconductor design into attractive adjacencies such as automotive, aerospace, and industrial sectors. By fusing these highly complementary technologies, the combined organization can offer customers a more powerful, integrated approach to innovation, particularly in the development of AI-powered systems.

Ansys, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of Above 20x, standing directly in line with the average observed in the TMT (Tech, Media, Telecom) sector (14.8x in 2025).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Ansys is a global provider of engineering simulation software, enabling organizations to predict how their product designs will behave in the real world. The firm provides a comprehensive portfolio of simulation and analysis solutions that span mechanical, fluids, electronics, and embedded software disciplines. By enabling early-stage design validation and virtual prototyping, the company helps engineers close the gap between initial concepts and final manufacturing, significantly reducing development cycles and costs. Its business model is built on high-retention software licensing and maintenance, supported by a broad ecosystem of partners and deep integration into customer R&D workflows. Ansys is centered on the predictive power of simulation, which is critical for innovation in sectors such as sustainable transportation, aerospace, medical devices, and advanced semiconductor packaging.

Ent. Value

$20–50bn

Equity Value

[members only]

Multiples

EV / Revenue

Above 6x

EV / EBITDA

Above 20x

EV / EBIT

Above 20x

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2024
$1–10bn
$450–900M
$450–900M
2023
$1–10bn
$450–900M
$450–900M

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REFERENCES

Valuation range: EV $20–50bn

Revenue range: $1–10bn

EBITDA range: $450–900M

EV/Revenue range: Above 6x

EV/EBITDA range: Above 20x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Ansys by Synopsys are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: ansys

Acquirer: synopsys

FAQ

What transaction does this page cover?

This page covers Synopsys’s acquisition of 100% of Ansys, an American company specialised in Engineering & Design Software, in 2025.

How was the acquisition of Ansys by Synopsys valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $20–50bn band, its EV/EBITDA multiple within the Above 20x range, and its EV/revenue multiple within the Above 6x range. Exact figures are available to members.

What were Ansys’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Ansys generated annual revenue estimated in the $1–10bn range and EBITDA in the $450–900M bracket (FY 2024). Detailed financial figures are available to members.

How does the valuation of Ansys compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated multiple range of Above 20x, the transaction stands directly in line with historical averages for the TMT (Tech, Media, Telecom) sector (14.8x in 2025).

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

What is mynth?

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