Sunday, April 20, 2025

Siemens acquires Altair to expand AI-powered industrial software

Related stories

SnapLogic & Glean Partner to Advance Agentic Enterprise

SnapLogic, the leader in generative integration, announced a strategic...

Informatica & CMU Partner to Advance GenAI in Data Management

Informatica, a global leader in enterprise AI-powered cloud data...

Scorpion Launches Tool to Cut Ad Waste, Fill Schedules

New AI-powered solution adjusts advertising spend in real-time based...
spot_imgspot_img

Siemens has completed the acquisition of Altair Engineering Inc., a leading provider of industrial simulation and analysis software, for approximately USD 10 billion. This strategic move enhances Siemens’ capabilities in mechanical and electromagnetic simulation, high-performance computing, data science, and artificial intelligence (AI). By integrating Altair’s technologies into the Siemens Xcelerator open digital business platform, Siemens aims to create the world’s most comprehensive AI-powered portfolio of industrial software, further strengthening its position as a leading technology company.

Also Read: Cloudflare Unveils ‘Cloudflare for AI’ to Secure Enterprise AI Deployments

Roland Busch, President and CEO of Siemens AG, stated, “We welcome the Altair community of customers, partners and colleagues to Siemens. Adding Altair’s groundbreaking innovations to the Siemens Xcelerator platform will create the world’s most complete AI-powered design, engineering and simulation portfolio.” This acquisition is a key component of Siemens’ ONE Tech Company program, underscoring the company’s commitment to accelerating the digital and sustainable transformation of its customers by bridging the real and digital worlds.

Read More: Siemens acquires Altair to create most complete AI-powered portfolio of industrial software

Subscribe

- Never miss a story with notifications


    Latest stories

    spot_img