Key Takeaway
Siemens has acquired Altair Engineering for $10 billion, enhancing its capabilities in industrial AI and simulation software. This acquisition allows Siemens to integrate Altair’s expertise in mechanical and electromagnetic simulation, high-performance computing, and data science. CEO Roland Busch emphasized the strategic advantages, stating that Altair’s innovations will enrich the Siemens Xcelerator platform, creating a comprehensive AI-powered design and simulation portfolio. This integration aims to help customers innovate rapidly in today’s complex environment. Altair’s open-architecture solutions, including the HyperWorks suite for advanced physics simulations, are crucial for improving efficiency and sustainability in product design and manufacturing.
Siemens has recently finalized a major transaction, acquiring Altair Engineering for $10 billion. Altair Engineering is well-known for its advancements in industrial artificial intelligence (AI) and simulation software. This acquisition enables Siemens to leverage and incorporate Altair’s expertise, particularly in mechanical and electromagnetic simulation, high-performance computing (HPC), as well as data science and AI.
By integrating these new capabilities, Siemens intends to enhance its position in simulation and AI, expanding its already extensive industrial software portfolio. Roland Busch, President and CEO of Siemens AG, officially welcomed Altair’s community, recognizing the acquisition as “big news” for the German technology leader.
He emphasizes the strategic advantages: “Incorporating Altair’s groundbreaking innovations into the Siemens Xcelerator platform will create the world’s most comprehensive AI-powered design, engineering, and simulation portfolio.” Roland assures that this integration will enable Siemens’ customers to “innovate at the scale and speed that today’s complexity-driven world demands.”
Revolutionizing manufacturing and product design
Altair is not merely another company; it is a powerhouse that provides open-architecture simulation, HPC, and analytics solutions. These tools are crucial in empowering large organizations worldwide to create more efficient and sustainable products. The Altair HyperWorks suite, recognized for facilitating complex physics simulations involving structures, motion, fluids, electromagnetics, and more, is a key component of this acquisition.
99 Comments