Siemens to acquire Altair for $10.6bn.

Siemens, a German multinational technology conglomerate, agreed to acquire Altair, an American information technology company, for $10.6bn. “Acquiring Altair marks a significant milestone for Siemens. 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 artificial intelligence together with Siemens Xcelerator will create the world's most complete AI-powered design and simulation portfolio,” Roland Busch, Siemens President and CEO. On January 22, 2025, Altair Engineering stockholders approve the proposed acquisition by Siemens.