Siemens AG has announced an agreement to acquire Altair Engineering Inc., a prominent player in industrial simulation and analysis software. The deal values Altair at approximately USD 10 billion, with shareholders receiving USD 113 per share, marking a 19% premium to its closing price before reports of the deal surfaced on October 21, 2024.

Siemens strengthens industrial software and AI leadership with Altair acquisition

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Siemens AG has announced an agreement to acquire Altair Engineering Inc., a prominent player in industrial simulation and analysis software.

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