PITTSBURGH - ANSYS, Inc today announced that the U.S. Department of Justice and Federal Trade Commission have issued early termination of the Hart-Scott-Rodino (HSR) waiting period for ANSYS' proposed acquisition of Apache Design Solutions, Inc. ANSYS currently expects to close the acquisition in the third quarter of 2011.
As previously announced, ANSYS and Apache have entered into a definitive merger agreement in which ANSYS will acquire Apache for a purchase price of approximately $310 million in cash. Consummation of the transaction remains subject to customary closing conditions.
Apache Design Solutions, Inc., is the leading provider of innovative power analysis and optimization software solutions that enable the design of power-efficient, high-performance, noise-immune integrated circuits, or ICs, and electronic systems. Its solutions consist of a suite of software tools and methodologies that enable design engineers to reduce power consumption, ensure reliable delivery of power to ICs and electronic system components, and mitigate power-induced signal interference, or noise. Headquartered in San Jose, California, with locations throughout the world, Apache and its subsidiaries employ approximately 275 people.
Popular Articles
- Gerber Technology Releases WebPDM™ Version 5.3
- Managing board member Ernst Homolka to leave Nemetschek AG
- Autodesk Developer Network Supports 2010 Software Portfolio for Design
- Delcam’s complete CAM range on show in Vietnam
- Mastercam X3 mini sites
- COMSOL Multiphysics® 3.5a Roll Out
- Autodesk Acquires T-Splines Modeling Technology Assets
- The MathWorks Opens Office in Bangalore, India
- Registration Opens for 2012 AVEVA World UK User Meeting
- INCAT To Host Executive Conference 'Ushering in the Virtual Manufacturing Age'
