MUNICH, Germany, Mar 27, 2025 – Siemens has officially announced the completion of Altair Engineering Inc.‘s acquisition for approximately USD 10 billion. With this acquisition, Siemens strengthened its position in simulation and industrial AI, bringing new mechanical and electromagnetic simulation capabilities into its portfolio. It also expands its high-performance computing (HPC), data science, and AI expertise. By integrating Altair’s team and technology, Siemens aims to enhance its robust digital twin offering, empowering businesses of all sizes to streamline product development and reduce time to market for complex innovations.
“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.”
By combining Altair’s strengths in simulation, HPC, data science, and AI, Siemens can develop streamlined and sustainable products and processes. Siemens customers will have access to additional simulation tools, better use of computing resources, AI development support, and expanded data analytics features. The innovations support faster progress and digital transformation for businesses of all sizes.
The acquisition of Altair is part of Siemens’ ONE Tech Company program and will increase Siemens’ digital revenue share. The growth program enables Siemens to further expand its market position and reach the next value creation level. By focusing on acquisitions and investing in R&D, Siemens is channeling resources into key growth areas. It includes software, AI-enabled products, connected hardware, and sustainable technologies. This indicates, Siemens is prioritizing capital allocation to strategic growth fields.
With the completion of the acquisition of Altair and the recent expansions of Siemens’ factories in CA and TX, Siemens has invested over USD 100 billion into the United States in the past 20 years.
Source: Siemens
About Siemens AG
Siemens AG, headquartered in Munich, Germany, is a technology powerhouse with a history dating back to 1847. The company operates in sectors including industry, infrastructure, transport, and healthcare, offering products and services that range from industrial automation and digitalization solutions to energy-efficient technologies and medical diagnostics equipment. In fiscal 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net income of €9.0 billion. The company employs over 312,000 individuals worldwide, with approximately 90,000 based in Germany. Siemens is recognized as a leading industrial manufacturing entity in Europe and holds a significant position in the global industrial automation and software market.
About Altair
Altair Engineering Inc., founded in 1985 and headquartered in Troy, MI, is a computational science and AI leader. The company offers software and cloud solutions across various domains, including product development, high-performance computing (HPC), simulation, AI, and data analytics. Altair’s comprehensive, open-architecture platforms empower organizations to design efficient and sustainable products and processes. Altair has established itself as a key player in engineering and enterprise analytics, serving the automotive, aerospace, and manufacturing industries.