Siemens aims to acquire Altair to integrate its advanced software for industrial simulation and AI with its Xcelerator platform, enhancing process optimization across sectors.
Goldman Sachs has played a pivotal role in the financing, fully underwriting the loan through 10 relationship banks, facilitating Siemens' move into the software industry.
The acquisition deal offers Altair shareholders $113 per share, but finalizing the transaction hinges on market regulator approval, expected to close in 2025.
This proposed acquisition represents Siemens' largest ever, expected to surpass earlier notable acquisitions, indicating a substantial commitment to the industrial software domain.
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