Siemens Completes Acquisition of Altair – Digital Engineering 24/7

This acquisition allows Siemens to add new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI. Image courtesy of Siemens and Altair.
Siemens has announced it has completed the acquisition of Altair Engineering, provider of software in the industrial simulation and analysis market, for an enterprise value of approximately USD$10 billion. With this acquisition, Siemens adds new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI.
The addition of the Altair team and technology to Siemens will enhance the digital twin and make simulation more accessible, Siemens reports.
“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. Together, we will help our customers to innovate at the scale and speed that today's complexity-driven world demands,” says Roland Busch, president and CEO of Siemens. “Through the ONE Tech Company program, we will extend our leadership in industrial software.”
Now, all Siemens customers, from engineers to generalists, will have access to new simulation expertise, can optimize their high-performance computing processes, create new AI tools and perform data analytics to help accelerate innovation and digital transformation for companies of all sizes, according to Siemens.
The acquisition of Altair is part of Siemens' ONE Tech Company program and will increase Siemens' digital revenue share. This growth program enables Siemens to expand its market position. Through acquisitions like this, as well as R&D investments into areas including software, AI-enabled products, connected hardware and sustainability, Siemens says it is prioritizing capital allocation to strategic growth fields.
With the completion of the acquisition of Altair as well as the recent expansions of Siemens' factories in California and Texas, Siemens has now invested over USD$100 billion into the United States in the past 20 years.   
Sources: Press materials received from the company and additional information gleaned from the company’s website.
DE’s editors contribute news and new product announcements to Digital Engineering.
Press releases may be sent to them via [email protected].

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