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What will be the status of Altair's major contracts post-Siemens acquisition by end of 2025?
2
Resolution / Starting Odds
All major contracts retained • 25%
Some major contracts lost • 25%
Majority of contracts lost • 25%
No change reported • 25%
Official announcements from Altair or its major clients
Story
Siemens to Acquire Altair Engineering for $10.6 Billion at $113/Share, 19% Premium
Oct 30, 2024, 08:42 PM
Siemens AG has finalized an agreement to acquire Altair Engineering Inc., a leader in software for simulation, data analytics, and artificial intelligence. The acquisition, valued at approximately $10.6 billion, represents Siemens' largest-ever acquisition and includes a payment of $113 per share in cash, a 19% premium on Altair's October 21 closing price. The deal, which also includes Altair's debt, is expected to close in the second half of 2025. Siemens CEO Roland Busch described the acquisition as a 'milestone' and a 'logical next step' in strengthening Siemens' leadership in industrial software and AI. Altair provides engineering software to major industrial customers, including the Detroit 3 automakers.
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Aerospace business retained • 25%
Aerospace business sold • 25%
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Fully owned by French government • 25%
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