Siemens Completes $10 Billion Acquisition of Altair

Siemens AG has finalized the acquisition of Altair Engineering Inc., a key player in the industrial simulation and analysis software sector, at an enterprise value of approximately $10 billion. This strategic acquisition enhances Siemens' leadership in simulation and industrial AI by integrating Altair's advancements in mechanical and electromagnetic simulation, high-performance computing (HPC), data science, and AI into its offerings. The newly combined technologies are set to bolster Siemens' digital twin capabilities, facilitating streamlined development processes for complex products across varied company sizes. By incorporating Altair's simulation tools into the Siemens Xcelerator platform, the merger is expected to provide a comprehensive, AI-driven design and engineering portfolio. This move is aligned with Siemens' ONE Tech Company initiative, focusing on expanding digital revenue and market share, and emphasizes strategic areas including software, AI-enabled products, connected hardware, and sustainability.