By acquiring Altair Engineering, Siemens has bolstered its capabilities in simulation, high performance computing, data science, and artificial intelligence, the company said. (Photo: Siemens/PRNewswire)
The acquisition is said to create “the world’s most complete AI-powered design and simulation portfolio.”
MUNICH—Siemens reported that it signed an agreement to acquire Altair Engineering Inc., a major provider of software in the industrial simulation and analysis market. Siemens said the acquisition “strengthens its position as a leading technology company and its leadership in industrial software.”
Roland Busch, president and CEO of Siemens AG, called the acquisition “a significant milestone for Siemens.”
“This strategic investment aligns with our commitment to accelerate the digital and sustainability transformations of our customers by combining the real and digital worlds,” Busch said in a release. “The addition of Altair’s capabilities in simulation, high performance computing, data science, and artificial intelligence, together with Siemens Xcelerator, will create the world’s most complete AI-powered design and simulation portfolio.”
Busch added that the acquisition is “a logical next step” because Siemens and Altair Engineering have been building their “leadership in industrial software for the last 15 years, most recently, democratizing the benefits of data and AI for entire industries.”
Altair Engineering, known for its computational science and artificial intelligence (AI) offerings, provides software and cloud-based technology in simulation and analysis, data science and AI, and high-performance computing. Its capabilities are said to enable organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world.
“This acquisition represents the culmination of nearly 40 years in which Altair has grown from a startup in Detroit to a world-class software and technology company. We have added thousands of customers globally in manufacturing, life sciences, energy and financial services, and built an amazing workforce, and innovative culture,” said James Scapa, Altair’s founder and CEO, in the release. “We believe this combination of two strongly complementary leaders in the engineering software space brings together Altair’s broad portfolio in simulation, data science, and HPC with Siemens’ strong position in mechanical and EDA design.
“Siemens’ outstanding technology, strategic customer relationships, and honest, technical culture is an excellent fit for Altair to continue its journey driving innovation with computational intelligence,” he concluded.
By adding Altair’s highly complementary simulation portfolio, with strength in mechanical and electromagnetic capabilities, Siemens stated that it is enhancing its “comprehensive Digital Twin to deliver a full-suite, physics-based, simulation portfolio as part of Siemens Xcelerator.”
“Altair’s data science and AI-powered simulation capabilities allow anyone, from engineers to generalists, to access simulation expertise to decrease time-to-market and accelerate design iterations. Additionally, Altair’s data science capabilities will unlock Siemens’ industrial domain expertise in product lifecycle and manufacturing processes.”