Siemens Finalizes Acquisition of AI Pioneer Altair for Approximately RMB 77 Billion, Bolstering AI-Powered Industrial Software Portfolio

2025-03-30 / Read about 0 minute

Author：小编

Siemens has successfully concluded its acquisition of AI enterprise Altair, surpassing expectations by finalizing the deal approximately at RMB 72.7 billion. This milestone marks the second-largest acquisition in Siemens' illustrious history. Positioned as the cornerstone of Siemens' ambitious "ONE Tech Company" strategy, this acquisition is poised to amplify digital business revenue by 8% and catalyze over RMB 7.16 billion in revenue growth over the medium to long term. This strategic move underscores Siemens' commitment to ongoing R&D investments in software and AI, ensuring a judicious allocation of capital towards strategic growth avenues.

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