Siemens Agrees to Acquire Altair Engineering

Siemens has signed an agreement to acquire artificial-intelligence (AI)-powered simulation-software provider Altair Engineering Inc.

“Acquiring Altair marks a significant milestone for Siemens, says Roland Busch, president and CEO of Siemens AG. “This strategic investment aligns with our commitment to accelerate the digital and sustainability transformations of our customers by combining the real and digital worlds. The addition of Altair’s capabilities in simulation, high-performance computing, data science and AI together with Siemens’ Xcelerator will create the world's most complete AI-powered design and simulation portfolio.”

See also: Siemens Industry, Inc., Altair Engineering, Inc.

Technologies: Software

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