Siemens AG has announced the successful acquisition of Altair Engineering Inc., a prominent player in industrial simulation and analysis software, for an enterprise value of approximately USD 10 billion. This strategic move enhances Siemens' position as a leader in simulation and industrial artificial intelligence (AI), integrating new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science, and AI.
The incorporation of Altair's technology into the Siemens Xcelerator digital business platform aims to develop the most comprehensive AI-powered portfolio in industrial software, thereby improving the Digital Twin experience. Siemens President and CEO Roland Busch welcomed Altair's community, emphasizing that together, they will accelerate innovation to meet the demands of today's complex world.
This acquisition is a key component of Siemens' ONE Tech Company program, aimed at increasing the company's digital revenue share and enhancing its market presence. Siemens' investments, including the recent expansions of its factories in California and Texas, reflect a commitment of over USD 100 billion in the United States over the last two decades. Such initiatives underline Siemens' dedication to leading in technology fields like AI, sustainability, and software development.
Siemens AG, headquartered in Berlin and Munich, specializes in industries including infrastructure, mobility, and healthcare. The company aims to create transformative technology that enhances everyday life. As of fiscal 2024, Siemens generated revenue of €75.9 billion and employs around 312,000 people worldwide.