Keysight completes acquisitions to expand design engineering software

SANTA ROSA, Calif. - Keysight Technologies, Inc. (NYSE:KEYS), a $27.91 billion market cap technology leader with robust financials including a healthy 3.59 current ratio, announced Friday it has completed the acquisition of the Optical Solutions Group from Synopsys, Inc. (NASDAQ:SNPS) and PowerArtist from Ansys, Inc., expanding its design engineering software portfolio. According to InvestingPro data, the company maintains strong profitability with a 62.37% gross margin.

The Optical Solutions Group acquisition brings several optical design and analysis software tools to Keysight, including CODE V for imaging systems design, LightTools for illumination design, and LucidShape for automotive lighting design. PowerArtist provides pre-synthesis power analysis capabilities for semiconductor designs.

These acquisitions include the addition of engineering teams with expertise in photonics, optics, power analysis, and multi-physics simulation, according to the company’s statement.

"Keysight is expanding its high-performance, multi-physics design capabilities with the Optical Solutions Group and PowerArtist acquisitions," said Niels Faché, Senior Vice President of Keysight’s Design Engineering Software. "These additions enhance system-level simulation, enabling earlier, more accurate power, optical, and photonics design decisions."

The company stated that the strategic moves strengthen its position in multi-domain system designs including RF, analog, digital, photonics and optics in what it describes as an open, vendor-agnostic ecosystem.

Keysight Technologies, an S&P 500 company, provides design, emulation, and test solutions for customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets.

Financial terms of the acquisitions were not disclosed in the press release.

In other recent news, Keysight Technologies has introduced the AE6980T nGBASE-AU Optical Automotive Ethernet Transmitter Test Solution, which is designed to meet the IEEE 802.3cz standard for high-speed in-vehicle networking. Additionally, Keysight unveiled the UALink 1.0 transmitter test solution aimed at enhancing compliance testing for AI data centers, significantly reducing testing times. The University of Texas at Austin has selected Keysight’s 6G solutions to advance research on digital twins for wireless and autonomous systems. Furthermore, Keysight has expanded its electric vehicle testing solutions with the launch of two new platforms for EV manufacturing testing.

In other developments, Morgan Stanley downgraded Keysight Technologies from Overweight to Equalweight, maintaining a price target of $180. This downgrade is attributed to concerns related to Keysight’s upcoming acquisitions of the PowerArtist business from Ansys and parts of Spirent’s business. These recent activities highlight Keysight’s ongoing efforts to innovate in various technological fields while navigating acquisition-related challenges.

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