Michigan-based Altair Engineering, valued at $9B, explores potential sale with rivals like Cadence Design Systems as potential bidders.
Altair Engineering, a Michigan-based firm valued at approximately $9 billion, is exploring a potential sale after receiving acquisition interest. The company is working with investment bankers to assess buyer interest, with rivals like Cadence Design Systems as potential bidders. Altair, founded in 1985, provides engineering software solutions and has seen its stock rise by 55% in the past year, reflecting heightened interest in AI-driven engineering tools.
October 22, 2024
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