Siemens has the financial muscle for further software acquisitions after Altair

Siemens, following its acquisition of Altair for USD630 million, is well-positioned for additional acquisitions to strengthen its digital and industrial capabilities. This recent deal aligns with Siemens' goal to expand its software and industrial automation portfolio, reflecting a strategic shift towards enhancing data-driven services and digital solutions for various industries.

Altair is known for advanced engineering and simulation software. Thus, this deal is expected to drive significant growth by combining Altair's expertise in simulation with Siemens' manufacturing processes, opening the door to further strategic expansion in the software sector

The company views acquisitions as a key path to expand its innovation ecosystem, increase its competitive edge in digital transformation, and better serve the growing demand for integrated industrial software and hardware solutions worldwide.

The Altair deal was the second biggest in Siemens's history, strengthening the engineering group's position in the growing market for industrial software. Siemens sees the software business as an important driver for growth and profitability.

 Adding to this, Managing Board member, Cedrik Neike who also leads Siemens Digital Industries factory automation business, said, "This was definitely not the last acquisition we made in the area of software. We have the financial strength to be able to do further deals.”