M&A Deal Summary

Altair Acquires DEM Solutions

On November 7, 2019, Altair acquired software company DEM Solutions

Acquisition Highlights
  • This is Altair’s 17th transaction in the Software sector.
  • This is Altair’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-11-07
Target DEM Solutions
Sector Software
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

DEM Solutions

Edinburgh, United Kingdom
website
DEM Solutions Ltd. (EDEM) software is used for simulation and development of equipment that handles or processes bulk material and is based in Edinburgh, UK with offices in Japan, Korea, and the US.

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Buyer(S) 1

Buyer

Altair

Troy, Michigan, United States

website

Category Company
Founded 1985
Sector Information Technology
Employees3,200
Revenue 572M USD (2022)
DESCRIPTION

Altair is a global technology company that provides software and cloud solutions in the areas of product development, high-performance computing (HPC) and data analytics. Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. Altair was founded in 1985 and is based in Troy, Michigan.

DEAL STATS #
Overall 22 of 38
Sector (Software) 17 of 27
Type (Add-on Acquisition) 20 of 33
Country (United Kingdom) 1 of 4
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Polliwog

Gyeonggi-do, South Korea

Polliwog Co. Ltd. is a high-tech software company based near Seoul, providing EDA software to the rapidly growing electronics industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-06 WRAP Software Business

Linkoping, Sweden

WRAP Software Business provides a wide range of applications with a focus on controlling radio spectrum assets for maximum utilization, including radio planning, interference, and coverage calculations, complementing Altair’s existing Feko, newFASANT, and WinProp software for wireless propagation modeling and network planning.

Buy -
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