Siemens acquires Altair to create the most complete portfolio of industrial software powered by artificial intelligence
Siemens announced today that he has accomplished the takeover of Altair Engineering Inc., a number one supplier of software on the industrial simulation and evaluation market, for an enterprise value of roughly USD 10 billion.
Siemens announced the takeover of Altair in November last 12 months.
Thanks to this takeover, Siemens expands its leadership in simulation and artificial industrial intelligence (AI), adding latest possibilities in mechanical and electromagnetic simulation, high -performance calculations (HPC), Data Science and AI. The addition of ALTAIR teams and technology to Siemens will increase the most comprehensive digital twins and make the simulation more available, due to which firms of any size can introduce complex products faster.
Integration of Altair’s capabilities in the scope of simulation, HPC, Data Science and AI increases Siemens’s ability to drive more efficient and sustainable products and processes. Now all Siemens clients, from engineers to generalists, may have access to latest knowledge of specialist simulation, can optimize their high -performance calculation processes, create latest AI tools and conduct data evaluation to assist speed up innovation and digital transformation for firms of all sizes.
The acquisition of Altair is a component of the Siemens “One Tech Company and can significantly increase the participation in Siemens’s digital revenues. This growth program allows Siemens to further expand the strong market position and achieve the next level of performance and value creation. Thanks to such acquisitions, in addition to research and development investments in areas, including software, including Siemens clearly priority treats capital allocation to strategic growth areas.
After the end of the takeover of Altair, in addition to the last extensions of Siemens factories in California and Texas, Siemens has now invested over 100 billion USD in the United States over the past 20 years.