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New Deal


Announced

Completed

Altair completed the acquisition of Concept Engineering.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Germany

Completed

Friendly

engeneering services

software

Acquisition

Private

Software

Cross Border

Synopsis

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Altair, a computational science and artificial intelligence company, completed the acquisition of Concept Engineering, a provider of electronic system visualization software. Financial terms were not disclosed. "Concept Engineering's advanced, reactive visualization technology is a best-in-class solution to help organizations accelerate their designs that have specific design architecture requirements, as well as rigorous service needs. Integrating this technology into our electronic system design suite will offer our customers comprehensive and fast visual representations of complex system models and debug capabilities for electronic systems," James R. Scapa, Altair Founder and CEO.

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