# 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.

- Type: Acquisition
- Announced: 2024-10-30
- Where: United States
- Value: $10.0B
- Status: announced
- Products: industrial simulation software, AI software
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Altair Engineering](https://endata.com/companies/80807.md) (target)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-strengthens-leadership-industrial-software-and-ai-acquisition-altair), 2024-10-30: "Siemens has signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market."
- [coladv.com](https://coladv.com/recent_updates/landmark-merger-in-the-digital-twin-space-siemens-acquires-altair-engineering/), 2024-12-10: "Siemens announced its acquisition of Altair Engineering for $10 billion, the second-largest deal in the Digital Twin and industrial simulation market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.