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  5. Altair Acquires S&WISE Co.

M&A Deal Summary

Altair Acquires S&WISE Co.

On July 27, 2020, Altair acquired information technology company S&WISE Co.

Acquisition Highlights
  • This is Altair’s 4th transaction in the Information Technology sector.
  • This is Altair’s 2nd transaction in South Korea.

M&A Deal Summary
Date 2020-07-27
Target S&WISE Co.
Sector Information Technology
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

S&WISE Co.

Seoul, South Korea
S&WISE Co. provides high-quality simulation software solutions: polyurethane foaming simulation, heat transfer simulation, thermal design, and structural simulation. Its products significantly improve design to the manufacturing process, eliminate design iterations, and significantly reduce design to market time. S&WISE is based in Seoul, South Korea.

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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 24 of 40
Sector: Information Technology M&A 4 of 8
Type: Add-on Acquisition M&A Deals 21 of 35
Country: South Korea M&A 2 of 2
Year: 2020 M&A 2 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Univa

Hoffman Estates, Illinois, United States

Univa Corp. is an innovator in enterprise-grade workload management, scheduling, and optimization solutions for HPC and artificial intelligence (AI) on-premises and in the cloud.

Buy -
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