Keysight Technologies has announced a definitive agreement to acquire Synopsys’ Optical Solutions Group (OSG) for an undisclosed sum. The deal is dependent on Synopsys successfully acquiring Ansys, receiving regulatory approvals, and meeting other standard closing conditions. Synopsys’ OSG division includes offerings like CODE V for imaging systems, LightTools for illumination design, LucidShape for automotive lighting, and RSoft Photonic Device Tools. OSG recently launched ImSym, described as the industry’s first complete virtual prototyping platform for imaging systems.
Upon completion, Keysight will gain access to OSG’s team of optical engineers and scientists and their advanced equipment. This acquisition is expected to expand Keysight’s design engineering software offerings and reinforce its capabilities in radio frequency and microwave electronic design automation. It is also anticipated to enhance Keysight’s physics-based computer-aided engineering capabilities, particularly given the increasing complexity of electronics design. The acquisition will further enable Keysight to address high-performance system applications beyond traditional electronics, extending into optics and photonics.
Keysight intends to integrate OSG’s expertise to address design challenges requiring multi-physics simulations. The company anticipates that these advancements will strengthen its portfolio and contribute to revenue growth in the coming periods, potentially driving its stock performance. Keysight stock has shown a gain of 18.6% over the last year, outpacing the industry’s growth of 11.2%. Keysight currently holds a Zacks Rank #3 (Hold).
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