AlTi Global Merges with Siemens to Drive Digital Transformation and Sustainability

Altair Engineering and Siemens Industry: A Strategic Merger to Enhance Digital Transformation

Altair Engineering Inc. has officially entered into a new phase of its corporate journey following the stockholders' approval of a merger agreement with Siemens Industry Software Inc., a subsidiary of Siemens AG. This pivotal decision, announced on January 22, 2025, during a special meeting, signifies a strategic alignment between two industry leaders in technology and innovation. Under the terms of the merger, Siemens Industry will acquire all outstanding shares of Altair's common stock for $113.00 per share in cash, leading to the delisting of Altair’s securities from public exchanges after the transaction's completion.

The merger reflects Siemens AG’s broader mission to integrate real and digital worlds, enhancing operational efficiency across various industries while promoting sustainable practices. Altair, recognized for its expertise in computational intelligence, simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI), stands to benefit significantly from this partnership. The collaboration is anticipated to accelerate digital transformation efforts and foster a culture of innovation within both organizations. By leveraging Siemens' substantial resources and global reach, Altair aims to enhance its product offerings and expand its market presence.

This merger not only underscores the commitment of both companies to drive sustainability and innovation but also highlights the growing importance of digital solutions in today’s business landscape. Siemens AG reported impressive fiscal results for 2024, with revenues reaching €75.9 billion and a net income of €9.0 billion, showcasing the potential for growth that Altair can tap into. As both companies move forward, the focus will be on enhancing decision-making processes and developing solutions that contribute to a greener future.

In addition to the merger details, Altair emphasizes its ongoing commitment to providing cutting-edge solutions that support smarter decision-making across various sectors. This partnership with Siemens Industry is expected to position Altair at the forefront of digital transformation, aligning with current market trends that prioritize efficiency and sustainability.

As the merger progresses, stakeholders can look forward to further updates and insights into how this strategic alliance will shape the future of computational intelligence and the industries it serves. The future of Altair, now coupled with Siemens’ extensive capabilities, holds promise for significant advancements in technology and sustainability.