Siemens to buy engineering software firm Altair in $10.6 bln deal

Rockwell Automation

30/10/2024 20:36

Oct 30 (Reuters) - Siemens  SIEGn.DE  will buy American
engineering software firm Altair Engineering  ALTR.O  in a deal
valued at $10.6 billion, the German company said on Wednesday,
as it seeks to strengthen its presence in the fast-growing
industrial software market.  
    

 (Reporting by John Revill in Zurich, Emma-Victoria Farr in
Frankfurt; Editing by Maju Samuel)
 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))