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.
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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.