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Synopsys agrees to acquire Germany's QTronic

U.S.-based Synopsys Inc. said Aug. 6 that it will acquire German automation platform developer QTronic GmbH.

Synopsys, which makes chip design software, aims to expand its portfolio of automotive solutions with the acquisition.

Terms of the deal were not disclosed. The transaction is not material to Synopsys' financials.

The deal is expected to close in the fiscal fourth quarter of 2019, subject to customary closing conditions.

Jones Day acted as legal adviser to Synopsys.