Siemens Reinvents Industrial AI with Strategic Altair Integration

Siemens Reinvents Industrial AI with Strategic Altair Integration

(IN BRIEF) Siemens has completed the acquisition of Altair Engineering Inc. for approximately USD 10 billion, a move that solidifies its position as a global leader in simulation and industrial AI. The merger introduces new capabilities in mechanical and electromagnetic simulation, high-performance computing, data science, and AI, further enhancing Siemens’ Digital Twin technology and making simulation more accessible to companies of all sizes. Roland Busch, CEO of Siemens, highlighted that incorporating Altair’s innovations into the Siemens Xcelerator platform will provide the most comprehensive AI-powered design, engineering, and simulation solutions available. This acquisition is a cornerstone of Siemens’ ONE Tech Company program, which aims to increase digital revenue and market dominance through strategic investments in cutting-edge technology. Additionally, Siemens’ ongoing investments in U.S. manufacturing—totaling over USD 100 billion in the past two decades—underscore its long-term commitment to innovation and sustainable growth.

(PRESS RELEASE) MUNICH, 27-Mar-2025 — /EuropaWire/ —  Siemens AG (ETR: SIE), a German multinational conglomerate and Europe’s largest industrial manufacturing company, has successfully finalized the acquisition of Altair Engineering Inc., a distinguished provider of industrial simulation and analysis software, for an enterprise value of nearly USD 10 billion. This bold strategic move amplifies Siemens’ prowess in simulation and industrial artificial intelligence (AI) by incorporating advanced capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science, and AI. Integrating Altair’s innovative technology and expert team into the Siemens ecosystem will enrich the already comprehensive Digital Twin offering, making simulation technology more accessible to organizations of every size and helping them accelerate the journey from concept to market.

Roland Busch, President and CEO of Siemens AG, welcomed the merger by stating, “We are delighted to integrate the Altair community of customers, partners, and colleagues into Siemens. By infusing Altair’s breakthrough innovations into our Siemens Xcelerator platform, we are poised to offer the world’s most complete AI-powered suite for design, engineering, and simulation. This collaboration is crucial for enabling our customers to innovate at the scale and pace demanded by today’s complex global challenges.” Busch further emphasized that this acquisition is a central pillar of Siemens’ ONE Tech Company program, which is dedicated to fortifying Siemens’ leadership in industrial software and driving the data and AI revolution across various sectors.

With the combined strengths of Altair and Siemens, customers will now benefit from enhanced simulation expertise, streamlined high-performance computing processes, and innovative AI toolsets that drive data analytics and digital transformation. This integration underscores Siemens’ commitment to fostering more efficient and sustainable products and processes, ensuring that both engineers and non-specialists have access to top-tier simulation and digital technologies.

This acquisition, a key element of the ONE Tech Company initiative, is set to significantly boost Siemens’ digital revenue share while reinforcing its market dominance. It is a clear demonstration of Siemens’ strategic focus on targeted growth fields, underscored by substantial investments in software, AI-enabled products, connected hardware, and sustainability. Furthermore, with the recent expansion of its manufacturing facilities in California and Texas, Siemens has now invested over USD 100 billion into the United States over the past 20 years, cementing its commitment to advancing industrial innovation and economic growth.

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

In fiscal 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net income of €9.0 billion. As of September 30, 2024, the company employed around 312,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

Notes and forward-looking statements

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Media contact:

Siemens Digital Industries Software PR Team
Email: press.software.sisw@siemens.com

SOURCE: Siemens AG

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