Siemens Industry Software Acquires Altair Engineering
March 26, 2025
Siemens has signed an agreement to acquire Altair Engineering Inc. for $113 per share in cash, valuing the deal at about USD 10 billion. The transaction will combine Altair’s simulation, HPC, data science and AI capabilities with Siemens Xcelerator to create a more comprehensive AI-powered industrial software and digital twin portfolio.
- Buyers
- Siemens Industry Software Inc., Siemens AG
- Targets
- Altair Engineering Inc.
- Industry
- AI & Machine Learning
- Location
- Michigan, United States
- Transaction Type
- Buyout
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