Siemens to buy simulation software group Altair for $10.6bn

Siemens Makes Biggest Acquisition Since 2020 with $10.6 Billion Altair Deal

Siemens announced a $10.6 billion deal to buy US engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company's presence in the fast-growing industrial software market. Still, there was some concerns about the high price Siemens paid for Michigan-based Altair. The offer price of $113 per share represents a premium of about 18.7% to Altair's close on October 21, a day before Reuters first reported the …

Siemens to buy Altair for $10bn to boost industrial software

Altair is known for its computational science and AI for industrial simulation and data analytics. Read more: Siemens to buy Altair for $10bn to boost industrial software

Software for the aviation, automotive, energy and financial sectors: Siemens is driving forward its digital transformation and acquiring Altair Engineering. It is the company's largest acquisition to date.

Siemens acquires AI specialist Altair Engineering

German industrial giant Siemens announced Wednesday it had acquired software specialist Altair Engineering, valuing the US company at around $10 billion, with the aim of strengthening its position in artificial intelligence.

Siemens to buy simulation software group Altair for $10.6bn

Deal likely to mark a conclusion to the consolidation in engineering software industry

The German industrial group is paying 10 billion dollars for the American software specialist Altair. It is one of the largest takeovers in its history.