Siemens has signed an agreement to acquire Altair Engineering, a provider of software in the industrial simulation and analysis market.
Altair shareholders will receive $113 per share, representing an enterprise value of approximately $10 billion.
The offer price represents a 19 percent premium to Altair’s unaffected closing price on October 21, 2024, the last trading day prior to media reports regarding a possible transaction. [Read more…] about Siemens acquires Altair Engineering for $10 billion