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Siemens extends management in simulation and industrial AI because it closes acquisition of Altair Engineering Inc.
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Acquisition strengthens place of Siemens as a number one expertise firm and expands its industrial software program portfolio
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Addition of Altair expertise to the Siemens Xcelerator open digital enterprise platform will create the world’s most full AI-powered portfolio of commercial software program and additional improve probably the most complete Digital Twin
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Acquisition is a cornerstone of Siemens’ ONE Tech Firm program
Siemens introduced that it has accomplished the acquisition of Altair Engineering Inc., a number one supplier of software program within the industrial simulation and evaluation market, for an enterprise worth of roughly USD 10 billion. With this acquisition, Siemens extends its management in simulation and industrial synthetic intelligence (AI) by including new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), knowledge science and AI. The addition of the Altair crew and expertise to Siemens will additional improve probably the most complete Digital Twin and make simulation extra accessible, so firms of any dimension can convey advanced merchandise to market sooner.
“We welcome the Altair neighborhood of shoppers, companions and colleagues to Siemens. Including Altair’s groundbreaking improvements to the Siemens Xcelerator platform will create the world’s most full AI-powered design, engineering and simulation portfolio. Collectively, we’ll assist our prospects to innovate on the scale and velocity that at this time’s complexity-driven world calls for,” stated Roland Busch, President and CEO of Siemens AG. “By means of the ONE Tech Firm program, we’ll lengthen our management in industrial software program. This permits all industries to learn from the revolution pushed by knowledge and AI.”
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Integrating Altair’s capabilities within the areas of simulation, HPC, knowledge science, and AI enhances the flexibility of Siemens to drive extra environment friendly and sustainable merchandise and processes. Now, all Siemens prospects, from engineers to generalists, may have entry to new simulation experience, can optimize their high-performance computing processes, create new AI instruments and carry out knowledge analytics to assist speed up innovation and digital transformation for firms of all sizes.
The acquisition of Altair is a part of Siemens’ ONE Tech Firm program and can meaningfully improve Siemens’ digital income share. This development program allows Siemens to additional broaden its robust market place and attain the following stage of efficiency and worth creation. By means of acquisitions like this, in addition to R&D investments into areas together with software program, AI-enabled merchandise, related {hardware} and sustainability, Siemens is clearly prioritizing capital allocation to strategic development fields.
With the completion of the acquisition of Altair in addition to the latest expansions of Siemens’ factories in California and Texas, Siemens has now invested over USD 100 billion into the USA prior to now 20 years.
Siemens AG (Berlin and Munich) is a number one expertise firm targeted on trade, infrastructure, mobility, and healthcare. The corporate’s function is to create expertise to remodel the on a regular basis, for everybody. By combining the actual and the digital worlds, Siemens empowers prospects to speed up their digital and sustainability transformations, making factories extra environment friendly, cities extra livable, and transportation extra sustainable. Siemens additionally owns a majority stake within the publicly listed firm Siemens Healthineers, a number one international medical expertise supplier pioneering breakthroughs in healthcare. For everybody. All over the place. Sustainably.
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