Altair - M&A Summary and Business Overview

Information TechnologyCompany

Altair M&A Summary

Altair has acquired 40 companies, including 21 in the last 5 years. A total of 1 acquisition came from private equity firms.

Altair’s largest acquisition to date was in 2018, when it acquired Datawatch for $176M. Altair has acquired in 10 different US states, and 13 countries. The Company’s most targeted sectors include software (70%) and information technology (20%).

Altair Business Overview

Where is Altair headquartered?

Altair is headquartered in Troy, Michigan.

What is Altair’s revenue?

Altair disclosed revenue of 613M USD for 2023 and 572M USD for 2022.

How many employees does Altair have?

Altair has 3,400 employees.

What sector is Altair in?

Altair is an information technology company.

When was Altair founded?

Altair was founded in 1985.

M&A Summary

  • M&A Total Activity40
    • M&A Buy Activity40
  • Total Sectors Invested 4
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 5
  • M&A Advisors 3

Altair

Altair Engineering, Inc.

1820 East Big Beaver Road,
Troy, Michigan 48083
United States,
(248) 614-2400
www.altair.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.6/yr) # 22 5 3 5 2 3 40
vol $176M $176M
Sell (0.0/yr) # - - - - - - 0
  40

Most Recent M&A

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OmniV 2023-07-27 - Divestiture
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RapidMiner, Inc. 2022-09-13 - Add-on Acquisition
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Concept Engineering GmbH 2022-06-13 - Add-on Acquisition
Freiburg, Germany · www.concept.de
Gen3D ltd. 2022-06-06 - Add-on Acquisition
Bath, United Kingdom · www.gen3d.com
Powersim, Inc. 2022-03-03 - Add-on Acquisition
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Cassini 2022-02-16 - Add-on Acquisition
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View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 28 (70%) 176M (100%) - -
Information Technology 8 (20%) - - -
Internet Software and Services 3 (8%) - - -
Business Services 1 (3%) - - -
Total 40 $176M - -

By Geo

State/Country Buy Value Sell Value
United States 16 176M - -
  Massachusetts 4 176M - -
  California 3 - - -
  Michigan 2 - - -
  Maryland 1 - - -
  Illinois 1 - - -
  Colorado 1 - - -
  Alabama 1 - - -
  Virginia 1 - - -
  Ohio 1 - - -
Germany 4 - - -
United Kingdom 4 - - -
Canada 3 - - -
  Ontario 2 - - -
  British Columbia 1 - - -
France 3 - - -
South Korea 2 - - -
Spain 2 - - -
Finland 1 - - -
Greece 1 - - -
India 1 - - -
Italy 1 - - -
South Africa 1 - - -
Sweden 1 - - -
Domestic 16 (40%) 176M (100%) - -
Cross-border 24 (60%) - - -
Total 40 $176M - -

Top M&A Advisors

Financial Deals
RBC Capital Markets
1
Legal Deals
Choate Hall & Stewart
1
Lowenstein Sandler
1

Deal Values

buy # Total
$100M to $1B 1 $176M
TOTAL $176M
Largest Datawatch Corp.
$176M (2018-11-05)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
10%
4 (10%)

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