Siemens announces acquisition of Altair Engineering, a company specializing in software solutions for various industries, valued at around $10 billion. This deal, according to Siemens, will strengthen the company’s position in technology and industrial software leadership.
Altair Engineering excels in software development such as simulation, HPC, data science, and artificial intelligence, all of which can complement Siemens’ business.
Siemens anticipates that incorporating Altair’s business will boost digital business growth by approximately 8% by 2023, as reported by The Wall Street Journal.
TLDR: Siemens acquires Altair Engineering, a software company, to enhance its technology and industrial software capabilities, expecting an 8% growth in digital business by 2023.
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