Altair Engineering to be Acquired by Siemens

An update from Altair Engineering ( (ALTR) ) is now available.

Altair Engineering Inc. has entered into a definitive agreement to be acquired by Siemens Industry Software Inc. for $10.6 billion, offering Altair stockholders $113 per share in cash, a 19% premium over recent stock prices. This merger, expected to close in the latter half of 2025, promises to integrate Altair’s simulation and AI expertise with Siemens’ digital industry strengths, reinforcing Siemens’ leadership in industrial software. As this deal progresses, Altair’s common stock will be delisted from public exchanges.

For an in-depth examination of ALTR stock, go to TipRanks’ Stock Analysis page.