Siemens Completes Acquisition of Altair to Enhance AI Solutions
Siemens Enhances AI Capabilities through Altair Acquisition
Siemens has recently concluded its acquisition of Altair Engineering Inc., marking a significant milestone in the industrial software sector. This strategic move expands Siemens' leadership in industrial simulation and artificial intelligence, as the company integrates Altair's groundbreaking technology into its portfolio. The acquisition, valued at approximately USD 10 billion, will contribute significantly to the development of Siemens' Xcelerator digital business platform.
Transforming the Industrial Software Landscape
With this acquisition, Siemens aims to create the world's most complete AI-powered portfolio of industrial software. The integration of Altair's advanced tools in mechanical and electromagnetic simulation, high-performance computing, and data science is set to accelerate innovation across various industries. By enhancing their digital capabilities, Siemens strives to make simulation more accessible, enabling businesses of all sizes to optimize their operations and expedite product development.
Innovating for the Future
“We are thrilled to welcome the Altair community into the Siemens family,” stated Roland Busch, President and CEO of Siemens AG. He emphasized that the addition of Altair's innovative capabilities to the Siemens Xcelerator platform will elevate the potential for design, engineering, and simulation processes. This collaboration aims to empower businesses, enabling them to navigate the complexities of today’s market swiftly and effectively.
Driving Sustainable Solutions
The acquisition is a crucial part of Siemens' ONE Tech Company program, which focuses on extending the company’s influence in digital transformation and industrial software. This initiative not only aims to improve Siemens’ digital revenue share but also aligns with their commitment to sustainability and efficient production processes. By maximizing the potential of AI and data-driven insights, Siemens is dedicated to supporting the development of sustainable products that meet the demands of modern-day challenges.
Investment in Growth and Innovation
Over the past two decades, Siemens has made substantial investments in the United States, exceeding USD 100 billion. This financial commitment underscores Siemens’ intention to enhance its manufacturing capabilities significantly. The acquisition of Altair coincides with Siemens' ongoing expansions, improving its positions in key markets and ensuring readiness for future technological advancements.
About Siemens AG
Siemens AG, headquartered in Berlin and Munich, is a global technology powerhouse focused on multiple domains, including industry, infrastructure, mobility, and healthcare. The company's mission is to leverage technology to transform daily life for everyone, actively investing in sustainability and digital advancements. Siemens is also a majority stakeholder in Siemens Healthineers, a leader in medical technology, driving innovations in healthcare services worldwide.
Frequently Asked Questions
What is the significance of Siemens acquiring Altair?
The acquisition strengthens Siemens' position in industrial software and enhances its AI capabilities, fostering innovation across various industries.
How will Altair's technology benefit Siemens customers?
Altair's advanced simulation and analysis technology will make complex product design more accessible and efficient for companies of all sizes.
What areas of technology will Siemens focus on post-acquisition?
Siemens aims to enhance capabilities in simulation, high-performance computing, data science, and AI, driving faster innovation and sustainable solutions.
How much has Siemens invested in the United States?
Siemens has invested over USD 100 billion in the United States over the past 20 years to support its manufacturing and digital transformation efforts.
What is Siemens' vision for the future?
Siemens envisions a transformation of everyday life through technology, emphasizing sustainability and digital integration to improve efficiency and livability.
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