Siemens has announced it has completed the acquisition of Altair Engineering, provider of software in the industrial simulation and analysis market, for an enterprise value of approximately USD$10 billion. With this acquisition, Siemens adds new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI.
The addition of the Altair team and technology to Siemens will enhance the digital twin and make simulation more accessible, Siemens reports.
Read the entire announcement here.
