Siemens Acquires Software Company Altair for $10.6 Billion

German Siemens is acquiring software manufacturing company Altair Engineering for approximately $10.6 billion (about 14.6 trillion KRW).

[Image source=Reuters Yonhap News]

On the 30th (local time), Siemens announced in a press release that it had agreed to an acquisition deal with Altair at $113 per share. This price includes a 19% premium based on the closing price on the 21st, just before major foreign media reports about the acquisition surfaced. The acquisition deal also includes Altair's debt. The transaction is expected to be completed in the second half of 2025. Bloomberg reported that this is "the largest acquisition in Siemens' history."

Siemens expects that this acquisition will not only increase profitability but also strengthen its leadership in the industrial software sector.

Headquartered in Michigan, USA, Altair provides software and cloud solutions in simulation and analytics, data science, artificial intelligence (AI), and high-performance computing. It was listed on NASDAQ in 2017 and has approximately 3,500 employees, about 1,400 of whom are engaged in research and development (R&D).

Roland Busch, CEO of Siemens, stated, "The acquisition of Altair is a significant milestone for Siemens," emphasizing, "Combining Altair's capabilities with Siemens Xcelerator will create the world's most comprehensive AI-based design and simulation portfolio." James Scapa, founder of Altair, also described it as "a combination of two strong, complementary leaders in the engineering software field."

Meanwhile, on the New York Stock Exchange that day, Altair's stock closed at $108.63 per share, down nearly 2% from the previous session. Its market capitalization is approximately $9.3 billion.

This content was produced with the assistance of AI translation services.