Synopsys to Sell Optical Solutions Business to Keysight Technologies

Cleary Gottlieb is representing Synopsys Inc. (Synopsys) in the sale of its Optical Solutions Group to Keysight Technologies Inc. (Keysight) for undisclosed terms.

The transaction was announced on September 19, 2024, and is subject to customary closing conditions, including review by regulatory authorities, and the closing of Synopsys’ proposed acquisition of Ansys, which is pending regulatory approvals and expected to close in the first half of 2025.

Synopsys’ Optical Solutions Group provides design tools and services to model all aspects of light propagation for high-accuracy optical product simulations and visualizations. This includes products such as: CODE V for imaging systems design, LightTools illumination design software, LucidShape for automotive lighting design, RSoft Photonic Device Tools, and the recently announced ImSym – a groundbreaking virtual prototyping platform for imaging systems. These tools provide intelligent, easy-to-use solutions and an expert support team anchored by optical engineers to help customers deliver superior optics to market faster.

Keysight is a technology company that inspires and empowers innovators to bring world-changing technologies to life. As an S&P 500 company, Keysight delivers market-leading design, emulation and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. Keysight is a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world.

For more information, please see the press release here.