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Siemens to Acquire Altair Engineering for $10.6 Billion in Strategic Tech Expansion

01 Nov, 2024

Siemens is set to acquire U.S.-based Altair Engineering in a $10.6 billion deal, aiming to strengthen its software portfolio.

Altair, known for its specialized engineering simulation software, is a top player in digital design and analysis, serving industries like automotive and aerospace. Siemens plans to integrate Altair's advanced technology into its own software ecosystem, focusing on streamlining industrial processes and enhancing digital twin capabilities.

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