Siemens Acquires Altair Engineering for $10.6 Billion

The deal marks Siemens' second-largest acquisition, enhancing its industrial software capabilities with AI and simulation expertise.

Siemens aims to strengthen its digital and software business through the acquisition of US-based Altair Engineering, a leader in AI-powered industrial software.
The $10.6 billion deal is expected to boost Siemens' digital business revenue by 8%, adding approximately 600 million euros annually.
Altair's expertise in simulation, high-performance computing, and AI will complement Siemens' existing technologies, creating a comprehensive design and simulation portfolio.
Siemens plans to finance the acquisition through a combination of cash and debt, with the transaction anticipated to close in the second half of 2025.
The acquisition follows Siemens' strategy to focus on digitalization and divest non-core assets, such as its airport logistics business, to streamline operations.