Siemens Completes Acquisition of Altair to Enhance Industrial AI and Software Solutions
Siemens AG today announced the completion of its acquisition of Altair Engineering Inc., a prominent player in the industrial simulation and analysis sector, valued at approximately USD 10 billion. This strategic move not only solidifies Siemens' leadership in simulation and industrial artificial intelligence (AI) but also broadens its capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science, and AI technologies. The integration of Altair's superior technology into the Siemens Xcelerator platform is set to establish the world’s most comprehensive AI-driven portfolio of industrial software, enhancing the digital twin capabilities that Siemens provides.
Roland Busch, President and CEO of Siemens AG, remarked on the significance of Altair's innovations in optimizing engineering processes. By merging Altair’s advanced simulation expertise with Siemens’ existing offerings, the companies aim to facilitate innovation for their clients at unprecedented speeds and scales. This acquisition is pivotal within Siemens' ONE Tech Company program, which aims to leverage cutting-edge technology for continuous growth and market leadership in digital solutions.
The strategic partnership aims to democratize access to high-level simulation tools across various industries, empowering engineers as well as generalists within companies of all sizes to innovate faster. Enhanced capabilities will now allow customers to optimize high-performance computing processes, generate new AI tools, and utilize data analytics effectively, thereby accelerating both digital transformation and product development.
Siemens underscores that this acquisition is a critical part of its growth strategy, aimed at increasing digital revenue shares and leveraging strategic investments in areas such as software development and AI-driven products. Over the last two decades, Siemens has committed more than USD 100 billion in investments in the United States, which highlights its continued commitment to fostering American technological innovation and infrastructure.
Additionally, this acquisition coincides with Siemens’ investment in expanding its production capabilities across its facilities in California and Texas, demonstrating its robust growth trajectory in response to market demands. Siemens remains firmly focused on creating innovative solutions that blend the real and digital worlds, ensuring greater efficiency and sustainability in industrial operations.
As Siemens integrates Altair’s technology, it aspires to redefine the standards for industrial software, nurturing a culture of innovation that embraces the ever-evolving challenges of the modern marketplace. With the rise of data and AI technologies, this acquisition places Siemens at the forefront of a revolution that promises to enhance operational efficiencies and drive sustainable practices across its global client base.
With a remarkable fiscal performance reported recently—€75.9 billion in revenue and €9 billion in net income in the fiscal year that ended in September 2024—Siemens is poised to leverage this acquisition for even greater impact in the technology sector. This move not only reaffirms Siemens’ market authority but also its commitment to contributing positively to technological advancements that empower industries around the globe.
In conclusion, the acquisition of Altair Engineering marks a transformational moment for Siemens and sets a precedent for future endeavors aimed at advancing industrial software technology. As companies navigate the complexities of modern engineering demands, Siemens stands ready to provide unparalleled resources and expertise to streamline innovation and drive success in a data-driven world.
Roland Busch, President and CEO of Siemens AG, remarked on the significance of Altair's innovations in optimizing engineering processes. By merging Altair’s advanced simulation expertise with Siemens’ existing offerings, the companies aim to facilitate innovation for their clients at unprecedented speeds and scales. This acquisition is pivotal within Siemens' ONE Tech Company program, which aims to leverage cutting-edge technology for continuous growth and market leadership in digital solutions.
The strategic partnership aims to democratize access to high-level simulation tools across various industries, empowering engineers as well as generalists within companies of all sizes to innovate faster. Enhanced capabilities will now allow customers to optimize high-performance computing processes, generate new AI tools, and utilize data analytics effectively, thereby accelerating both digital transformation and product development.
Siemens underscores that this acquisition is a critical part of its growth strategy, aimed at increasing digital revenue shares and leveraging strategic investments in areas such as software development and AI-driven products. Over the last two decades, Siemens has committed more than USD 100 billion in investments in the United States, which highlights its continued commitment to fostering American technological innovation and infrastructure.
Additionally, this acquisition coincides with Siemens’ investment in expanding its production capabilities across its facilities in California and Texas, demonstrating its robust growth trajectory in response to market demands. Siemens remains firmly focused on creating innovative solutions that blend the real and digital worlds, ensuring greater efficiency and sustainability in industrial operations.
As Siemens integrates Altair’s technology, it aspires to redefine the standards for industrial software, nurturing a culture of innovation that embraces the ever-evolving challenges of the modern marketplace. With the rise of data and AI technologies, this acquisition places Siemens at the forefront of a revolution that promises to enhance operational efficiencies and drive sustainable practices across its global client base.
With a remarkable fiscal performance reported recently—€75.9 billion in revenue and €9 billion in net income in the fiscal year that ended in September 2024—Siemens is poised to leverage this acquisition for even greater impact in the technology sector. This move not only reaffirms Siemens’ market authority but also its commitment to contributing positively to technological advancements that empower industries around the globe.
In conclusion, the acquisition of Altair Engineering marks a transformational moment for Siemens and sets a precedent for future endeavors aimed at advancing industrial software technology. As companies navigate the complexities of modern engineering demands, Siemens stands ready to provide unparalleled resources and expertise to streamline innovation and drive success in a data-driven world.
Topics Business Technology）
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