In the press release announcing the acquisition, Siemens praises Altair’s qualities “in the areas of simulation, high performance computing, data science and artificial intelligence”. “The purchase of Altair is an important stage for Siemens,” said CEO Roland Busch in a press release.
Siemens wants to pay 113 US dollars per share for Altair, the company announced. This corresponds to a company value of approximately 10 billion dollars (approximately 9.25 billion euros).
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