M&A Deal Summary

Altair Acquires Powersim

On March 3, 2022, Altair acquired software company Powersim

Acquisition Highlights
  • This is Altair’s 23rd transaction in the Software sector.
  • This is Altair’s 11th transaction in the United States.
  • This is Altair’s 1st transaction in Maryland.

M&A Deal Summary
Date 2022-03-03
Target Powersim
Sector Software
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

Powersim

Rockville, Maryland, United States
Powersim is a provider of simulation and design tools for power electronics, including power supplies, motor drives, control systems, and microgrids. Powersim was founded in 2001 and is based in Rockville, Maryland.

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Buyer(S) 1

Buyer

Altair

Troy, Michigan, United States
Category Company
Founded 1985
Sector Information Technology
Employees3,400
Revenue 613M USD (2023)
DESCRIPTION

Altair is a global technology company that provides software and cloud solutions in the areas of product development, high-performance computing, and data analytics. Altair was founded in 1985 and is based in Troy, Michigan.

DEAL STATS #
Overall 32 of 40
Sector (Software) 23 of 28
Type (Add-on Acquisition) 28 of 35
State (Maryland) 1 of 1
Country (United States) 11 of 16
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Cassini

Hyderabad, India

Cassini is an one cloud platform provides a 360-degree view of conceptualized product data, streamlines and accelerates new product development, and improves processes, creating a seamless experience between the digital and physical worlds. Cassini is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Gen3D

Bath, United Kingdom

Gen3D is a pioneer in implementing the implicit geometry method for describing highly complex geometries such as lattice structures in additive manufacturing (AM). Gen3D is based in Bath, United Kingdom.

Buy -
Mergr

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