The acquisition is a key part of Siemens' ONE Tech Company program.
Siemens announced that it has completed the acquisition of Altair Engineering Inc., a provider of software in the industrial simulation and analysis market, for an enterprise value of approximately USD 10 billion. With this acquisition, Siemens extends its leadership in simulation and industrial artificial intelligence (AI) by adding new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI. The integration of Altair’s team and technology into Siemens will expand Digital Twin capabilities and improve simulation accessibility, enabling companies to accelerate product development.
Incorporating Altair’s expertise in simulation, high-performance computing, data science, and AI strengthens Siemens’ ability to improve product and process efficiency. This integration provides Siemens customers with expanded simulation tools, optimized computing processes, and enhanced data analysis capabilities to support innovation and digital adoption across various industries.
The acquisition of Altair is part of Siemens’ ONE Tech Company program and will meaningfully increase Siemens’ digital revenue share. This program allows Siemens to strengthen its market presence and enhance performance. By acquiring companies and investing in R&D for software, AI-driven products, connected hardware, and sustainability, Siemens is focusing on key areas for long-term growth.
For more information, visit siemens.com.
