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$10 billion
Siemens has acquired Altair Engineering in a $10 billion deal. [Image: Siemens]
Siemens Acquires Industrial Simulation Software Co. Altair Engineering in $10 Billion Deal
by Lance Murray | Nov 5, 2024
Germany-based Siemens' industrial software business, Siemens Digital Industries Software, is based in Plano. Its EVP and CFO Timo Nentwich called the acquisition "a major milestone" for the North Texas-based business and its Xcelerator digital twin platform.
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Siemens has acquired Troy, Michigan-based Altair Engineering, a provider of software in the industrial simulation and analysis market, in a deal valued at roughly $10 billion.
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Until recently, the majority of Lee Brown’s academic career and research at Texas Woman’s University had centered on corporate political activities and business-government interaction. But just two short years ago, Brown, the business college’s associate dean of research and an associate professor of management, started delving into artificial intelligence technology....
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Columbus, Ohio-based third-party logistics provider FST Logistics has opened a new warehouse in Fort Worth, an expansion the company said is vital to its strategic growth plan to enhance its network and better serve its customers across the nation....
Dallas-based third-party logistics company MODE Global has acquired the freight brokerage business of Pennsylvania-based Jillamy, a provider of freight transportation, warehousing, fulfillment and packaging services, and an independent agent of MODE Transportation....
Siemens has acquired Troy, Michigan-based Altair Engineering, a provider of software in the industrial simulation and analysis market, in a deal valued at roughly $10 billion.
With the acquisition, Siemens strengthens its position as a leading technology company and its leadership in industrial software, the company said....
