Siemens acquires Altair to create the most complete AI-powered portfolio of industrial software

Siemens has extended its leadership in simulation and industrial AI by completing the acquisition of Altair Engineering Inc. This acquisition strengthens Siemens' position as a leading technology company and expands its industrial software portfolio. The addition of Altair's technology into the Siemens Xcelerator open digital business platform will create the world’s most comprehensive AI-powered industrial software portfolio and enhance the Digital Twin offering. This move is a key component of Siemens' ONE Tech Company program.

“We welcome the Altair community of customers, partners and colleagues to Siemens. Adding Altair’s groundbreaking innovations to the Siemens Xcelerator platform will create the world's most complete AI-powered design, engineering and simulation portfolio. Together, we will help our customers to innovate at the scale and speed that today's complexity-driven world demands,” said Roland Busch, President and CEO of Siemens AG. “Through the ONE Tech Company program, we will extend our leadership in industrial software. This enables all industries to benefit from the revolution driven by data and AI.”

Integrating Altair’s capabilities in the areas of simulation, HPC, data science, and AI enhances the ability of Siemens to drive more efficient and sustainable products and processes. Now, all Siemens customers, from engineers to generalists, will have access to new simulation expertise, can optimize their high-performance computing processes, create new AI tools and perform data analytics to help accelerate innovation and digital transformation for companies of all sizes.

The acquisition of Altair is part of Siemens’ ONE Tech Company program and will meaningfully increase Siemens’ digital revenue share. This growth program enables Siemens to further expand its strong market position and reach the next level of performance and value creation. Through acquisitions like this, as well as R&D investments into areas including software, AI-enabled products, connected hardware and sustainability, Siemens is prioritizing capital allocation to strategic growth fields.

With the completion of the acquisition of Altair as well as the recent expansions of Siemens’ factories in California and Texas, Siemens has now invested over USD 100 billion into the United States in the past 20 years.

This press release is available at: https://sie.ag/sEnMi

Siemens AG

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably. In the fiscal year 2024, which ended on September 30, 2024, the Siemens Group generated a revenue of €75.9 billion and a net income of €9.0 billion. As of September 30, 2024, the company employed around 312,000 people worldwide based on continuing operations. Further information is available on the Internet at www.siemens.com.