Siemens buys Altair Engineering for $10 billion, boosting industrial simulation and AI capabilities.

Siemens has acquired Altair Engineering for about $10 billion, enhancing Siemens' capabilities in industrial simulation and AI. This move adds Altair’s expertise in simulation and high-performance computing to Siemens, making advanced simulation tools more accessible to companies of all sizes. The acquisition, part of Siemens' ONE Tech Company program, is expected to boost Siemens' digital revenue and accelerate product development for its clients.