Siemens Completes Acquisition of Altair Engineering

Altair Engineering, headquartered in Troy, Michigan is a leading name in CAE Software and product design and development solutions, also as a result of a series of key strategic acquisitions allowing the company to expand into high performance computing (HPC), data analytics, and artificial intelligence (AI). In 2024, Siemens announced the intention to acquire Altair to create the “most complete AI-powered portfolio of industrial software”.

The world of simulation and analysis software is about to be turned on its head with Synopsys announcing the intention to acquire Ansys. According to the Californian semiconductor technology company, the acquisition of the American multinational, a leader in CAE/multiphysics engineering simulation software for product design, testing and operation meets a growing need to accelerate Synopsys' Silicon to Systems strategy.