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Siemens to acquire Altair Engineering for $10 billion · Endata

◂ Announcements

Oct 30, 2024ACQUISITIONUnited States

Siemens to acquire Altair Engineering for $10 billion

Siemens signed an agreement to acquire Altair Engineering Inc., a leader in computational science and AI software, for $113 per share, representing an enterprise value of approximately $10 billion.

Value

$10.0B

Status

Announced

Productsindustrial simulation softwareAI software

CompaniesSiemens acquirer Altair Engineering target

Sectors#Industrial Machinery #Automation and Robotics

“Siemens has signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market.”press.siemens.com

2 sources
press.siemens.comSiemens strengthens leadership in industrial software and AI with acquisition of Altair Engineering | Press | Company | SiemensOct 30, 2024
coladv.comLandmark Merger in the Digital Twin Space: Siemens Acquires Altair Engineering - Colonnade AdvisorsDec 10, 2024

Summarized from public sources; check the original articles before acting on it.

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