Altair Engineering: Siemens buys US software program producer for ten billion {dollars} | EUROtoday
The Siemens Group has introduced its deliberate takeover of the US software program firm Altair Engineering for round ten billion {dollars} (9.2 billion euros). “An agreement has been signed to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market,” the corporate introduced on Wednesday night. The buy “strengthens Siemens’ position as a leading technology company.”
The acquisition is “a significant milestone for Siemens,” stated the corporate’s CEO, Roland Busch. The funding is “in line with our commitment to accelerate our customers’ digital and sustainable transformation by connecting the real and digital worlds.”
According to Siemens, Altair shareholders will obtain $113 per share, which corresponds to an enterprise worth of roughly $10 billion.
Altair Engineering payments itself as a “global leader” in laptop science and synthetic intelligence. The firm was based in 1985 and is headquartered in Troy, Michigan. It employs greater than 3,500 folks. Siemens has round 320,000 workers worldwide
https://www.welt.de/wirtschaft/article254274680/Altair-Engineering-Siemens-kauft-US-Softwarehersteller-fuer-zehn-Milliarden-Dollar.html