n NEWS SIEMENS IS BUYING the industrial simulation and analysis software developer Altair Engineering for around $10bn. It says the acquisition will strengthen its leadership in industrial software, and create the world’s most complete AI-powered design and simulation portfolio. By adding Altair’s simulation portfolio, which is strong in mechanical and electromagnetic applications, Siemens is enhancing its digital twin capabilities to oer a physics-based simulation portfolio as part of its Xcelerator platform. Altair's data science and AI-powered simulation capabilities allow anyone to access simulation expertise, and to accelerate timeto-market and design processes. In addition, Altair's data science capabilities will unlock Siemens’ industrial expertise in product lifecycle and manufacturing processes. “Acquiring Altair marks a signicant milestone for Siemens,” says Siemens’ president and CEO,” Roland Busch. “This strategic investment aligns with our commitment to accelerate the digital and sustainability transformations of our customers by combining the real and digital worlds. “The addition of Altair’s capabilities in simulation, high-performance computing, data science, and articial intelligence, together with Siemens Xcelerator, will create the world's most complete AI-powered design and simulation portfolio,” he adds. “It is a logical next step: we have been building our leadership in industrial software for the last 15 years, most recently, democratising the benets of data and AI for entire industries.” The acquisition will boost Siemens’ revenues by 8%, adding €600m to its digital business revenue of €7.3bn in 2023. Siemens expects to achieve signicant synergies, especially from cross-selling of the complementary portfolios and giving Altair access to Siemens’ global customer base, with a projected impact on revenues of more than $500m a year in the medium term, growing to more than $1bn in the longer term. n Siemens is selling its Siemens Logistics business to Vanderlande, a company owned by Toyota Industries, for €300m. Vanderlande specialises in logistic process automation in the warehouses, airports and parcelhandling facilities. “By selling Siemens Logistics, we’re taking another important step in sharpening our portfolio as a leading technology company,” says Siemens’ chief nancial ocer, Ralf Thomas. “In Vanderlande, we have found the best future owner for our airport logistics business.”The transaction expected to close during 2025. Siemens buys Altair for $10bn to create ‘AI-powered portfolio’ Siemens says that Altair’s simulation capabilities will enhance its digital twin portfolio RGH RS *OUFMMJHFOU $PNQBDU s3RVLWLRQLQJ(& %UXVKOHVV RU$FWXDWLQ s6DIHW\7RUTXH2II 672 RU6DIH6WR s %URDG 5DQJH RI 0RWRU DQG *HDU 0R HOV 66 2SWLRQDOO\,QWHJUDWHG : %SJWFT GPS :PVS "QQMJDB QJ'& %UXVK 'ULYHV BUJPOT DIHW LP s $ $EVROXWH 3RVLWLRQ $YDLODEOH DW $Q\WL s (DV\ ,PSOHPHQWDWLRQ RI 0DFKLQH 6D s 9'& RU 9'& 6XSSO\ s 6LPSOH :LULQJ s 0DGH LQ *HUPDQ\ W\ H HOHFWURQL - ZZZ WU )RU PRUH LQIRUPDWLRQ 7HO RU HPDLO LQIR#WU-HOHFWURQLF FR XN F FR XN
RkJQdWJsaXNoZXIy MjQ0NzM=