Siemens’ Big Simulation Software Acquisition
| Silicon Republic |
Siemens plans to acquire U.S.-based Altair Engineering for approximately $10.6 billion, bolstering its industrial software portfolio. Altair’s expertise in simulation, AI, and high-performance computing complements Siemens’ digital twin capabilities within its Xcelerator software suite. This acquisition will enhance Siemens’ position in industrial design and AI-powered simulation, with revenue synergies expected to exceed $1 billion annually in the long term. The deal, slated for completion in late 2025, anticipates significant revenue growth and operational synergies.
Read More – https://www.siliconrepublic.com/business/siemens-buys-altair-industrial-software-ai-deal
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