(Siemens: Munich) -- Siemens has signed an agreement to acquire Altair Engineering, a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive $113 per share, representing an enterprise value of approximately $10 billion. The offer price represents a 19% premium to Altair’s unaffected closing price on Oct. 21, 2024, the last trading day prior to media reports regarding a possible transaction. With this acquisition, Siemens strengthens its position as a leading technology company, and its leadership in industrial software.

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