Integrating Altair’s capabilities in the areas of simulation, HPC, data science, and AI is expected to enhance the ability of Siemens to drive more efficient and sustainable products and processes. (Image courtesy Siemens)
MUNICH—Siemens recently enhanced its simulation and industrial artificial intelligence (AI) offerings by completing its acquisition of Altair Engineering Inc., a provider of industrial simulation and analysis software. The acquisition has enabled Siemens to add new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science, and AI, the company said in a release.
According to Siemens, its addition of the Altair team and technology will further enhance what it described as “the most comprehensive Digital Twin,” while making simulation “more accessible, so companies of any size can bring complex products to market faster.”
“We welcome the Altair community of customers, partners, and colleagues to Siemens,” said Roland Busch, president and CEO of Siemens AG, in the release. “Adding Altair’s groundbreaking innovations to the Siemens Xcelerator platform will create the world’s most complete AI-powered design, engineering, and simulation portfolio. Together, we will help our customers to innovate at the scale and speed that today’s complexity-driven world demands.”
Integrating Altair’s capabilities in the areas of simulation, HPC, data science, and AI is expected to enhance the ability of Siemens to drive more efficient and sustainable products and processes. Siemens customers, from engineers to generalists, will have access to new simulation expertise. They can also optimize their high-performance computing processes, create new AI tools, and perform data analytics to help accelerate innovation and digital transformation for companies of all sizes, the company said in the release.
“The acquisition of Altair is part of Siemens’ ONE Tech Company program and will meaningfully increase Siemens’ digital revenue share,” the release stated. “This growth program enables Siemens to further expand its strong market position and reach the next level of performance and value creation. Through acquisitions like this, as well as R&D investments into areas including software, AI-enabled products, connected hardware, and sustainability, Siemens is clearly prioritizing capital allocation to strategic growth fields.”
With the completion of the acquisition of Altair and the recent expansions of Siemens’ factories in California and Texas, Siemens has now invested more than $100 billion into the United States in the past 20 years, the company said.
“Through the ONE Tech Company program, we will extend our leadership in industrial software,” Busch said. “This enables all industries to benefit from the revolution driven by data and AI.”