M&A Deal Summary

Siemens Acquires Altair

On October 30, 2024, Siemens acquired information technology company Altair for 10.0B USD

Acquisition Highlights
  • This is Siemens’ 5th transaction in the Information Technology sector.
  • This is Siemens’ largest (disclosed) transaction.
  • This is Siemens’ 24th transaction in the United States.
  • This is Siemens’ 1st transaction in Michigan.

M&A Deal Summary
Date 2024-10-30
Target Altair
Sector Information Technology
Buyer(s) Siemens
Deal Type Add-on Acquisition
Deal Value 10.0B USD

Target

Altair

Troy, Michigan, United States
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.

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Buyer(S) 1

Buyer

Siemens

Munich, Germany
Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 77.8B EUR (2023)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.

DEAL STATS #
Overall 51 of 51
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 44 of 44
State (Michigan) 1 of 1
Country (United States) 24 of 24
Year (2024) 2 of 2
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 Ethos Energy

Aberdeen, United Kingdom

Ethos Energy is a company that specializes in providing rotating equipment services and solutions. Ethos Energy offerings include facility operations and maintenance, designing and manufacturing engineered components, and repairing and optimizing gas and steam turbines, generators, compressors, and transformers. Ethos Energy is based in Aberdeen, Scotland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 Siemens Logistics

Nuremberg, Germany

Siemens Logistics is a global provider of automated logistics processes by offering a wide range of products and solutions for the mail and parcel sectors as well as airport logistics with baggage and cargo. The company support clients throughout the entire product life cycle with its comprehensive customer service. Siemens Logistics is based in Constance, Germany.

Sell -
Mergr

Product

Company

Legal