Siemens Acquires Altair Engineering to Strengthen Leadership in Industrial Software and AI
EQS-Adhoc: Siemens Aktiengesellschaft: Siemens stärkt Führungsposition bei Industriesoftware und KI durch die Akquisition von Altair Engineering (deutsch)
Siemens announced its acquisition of Altair Engineering, a leading provider of simulation, high-performance computing (HPC), and artificial intelligence (AI) software and cloud solutions. The acquisition is a strategic move by Siemens to strengthen its position in the rapidly growing industrial software and AI market.
The combination of Siemens' Digital Industries portfolio and Altair's software solutions will provide customers with a comprehensive suite of tools for product design, engineering, and manufacturing. Altair's simulation capabilities will complement Siemens' existing offerings in areas such as computer-aided design (CAD), product lifecycle management (PLM), and manufacturing execution systems (MES).
The acquisition is expected to close in the first half of 2023, subject to regulatory approvals. Financial details of the transaction were not disclosed.
Benefits of the acquisition for Siemens:- Strengthens Siemens' position as a leading provider of industrial software and AI solutions.
- Adds Altair's simulation, HPC, and AI capabilities to Siemens' portfolio.
- Provides customers with a comprehensive suite of tools for product design, engineering, and manufacturing.
- Expands Siemens' reach into new markets and industries.
- Provides Altair with access to Siemens' global customer base.
- Enables Altair to integrate its software solutions with Siemens' Digital Industries portfolio.
- Accelerates Altair's growth and expansion into new markets.
