Germany $156 Billion Siemens Buys United States Software & Cloud Company Altair Engineering for $10 Billion Representing +19% Premium to Closing Price on 21st October 2024, Founded in 1985 by CEO James Scapa, George Christ & Mark Kistner

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Germany $156 Billion Siemens Buys United States Software & Cloud Company Altair Engineering for $10 Billion Representing +19% Premium to Closing Price on 21st October 2024, Founded in 1985 by CEO James Scapa, George Christ & Mark Kistner

2nd November 2024 | Hong Kong

Germany Siemens ($156 billion market value) has announced to buy United States software & cloud company Altair Engineering for $10 billion, representing +19% premium to closing price on 21st October 2024.  Altair Engineering was founded in 1985 by CEO James Scapa, George Christ & Mark Kistner.  Siemens (31/10/24): “Siemens has signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive USD 113 per share, representing an enterprise value of approximately USD 10 billion. The offer price represents a 19% premium to Altair’s unaffected closing price on October 21, 2024, the last trading day prior to media reports regarding a possible transaction. With this acquisition Siemens strengthens its position as a leading technology company and its leadership in industrial software.”  Altair Engineering is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in Simulation and Analysis, Data Science and AI, and High-Performance Computing, enabling organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world. Founded in 1985, Altair Engineering Inc. went public in 2017 (Nasdaq) and is headquartered in Troy, Michigan (USA). Out of its more than 3,500 employees, approximately 1,400 employees work in R&D.

“ Germany $156 Billion Siemens Buys United States Software & Cloud Company Altair Engineering for $10 Billion Representing +19% Premium to Closing Price on 21st October 2024, Founded in 1985 by CEO James Scapa, George Christ & Mark Kistner “

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Germany $156 Billion Siemens Buys United States Software & Cloud Company Altair Engineering for $10 Billion Representing +19% Premium to Closing Price on 21st October 2024, Founded in 1985 by CEO James Scapa, George Christ & Mark Kistner

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