Siemens Acquires Altair Engineering for $10 Billion
Siemens Strengthens Digital Industries Portfolio with Altair's Simulation and Data Analytics Capabilities
Transaction Expected to Close in First Half of 2023
Siemens AG has announced plans to acquire Altair Engineering Inc., a global leader in computational science and engineering software, for approximately $10 billion in cash. The acquisition, which is expected to close in the first half of 2023, will strengthen Siemens' Digital Industries portfolio and further its strategy of providing end-to-end solutions for the digital transformation of industries.
Altair's solutions enable customers to optimize product design, improve manufacturing processes, and make informed decisions based on data analytics. The company's software is used in a wide range of industries, including aerospace, automotive, consumer products, and energy. Siemens believes that Altair's capabilities will complement its own Digital Industries portfolio, which includes software for product lifecycle management (PLM), automation, and manufacturing execution systems (MES).
The acquisition of Altair is expected to create a global leader in digital engineering software with combined annual revenues of approximately $5 billion. The combined company will have a team of over 14,000 engineers and scientists and serve more than 12,000 customers worldwide. Siemens believes that the acquisition will create significant value for both companies and their customers.
Benefits of the Acquisition for Siemens
- Strengthened digital industries portfolio
- Expanded capabilities in simulation, data analytics, and high-performance computing
- Increased global reach and customer base
- Accelerated growth in key markets
Benefits of the Acquisition for Altair
- Access to Siemens' global sales and distribution network
- Opportunity to leverage Siemens' industrial expertise
- Increased investment in research and development
- Accelerated growth in new markets
Financial Impact of the Acquisition
Siemens expects the acquisition of Altair to be accretive to earnings per share in the first full year after closing. The transaction is subject to customary closing conditions, including regulatory approvals.
Analyst Commentary
Analysts have普遍 welcomedSiemens' acquisition of Altair. They believe that the deal will strengthen Siemens' position in the digital engineering software market and create significant value for both companies. The acquisition is expected to be a major catalyst for growth for Siemens in the coming years.
Conclusion
Siemens' acquisition of Altair is a major strategic move that will further strengthen the company's position in the digital industries market. The combined company will be a global leader in digital engineering software and will be well-positioned to meet the growing demand for these solutions from customers around the world.
