DEPLOYDatabase

Company

Altair Engineering

Altair Engineering is headquartered in Troy, MI and was founded in 1985.

Founded
1985
HQ
Troy, MI
Status
subsidiary

Overview

Altair Engineering is headquartered in Troy, MI and was founded in 1985. The company was acquired by Siemens in 2025.

Verified record

Verified deployments
None on file
Active incidents
None on file

Valuation of record

DEPLOY VERIFIED
$10.6B (reported, approximate)as of Mar 2025

AcquisitionAcquired by Siemens

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Key facts

Headquarters

Troy, MI

Founded

1985

Ownership

Acquired by Siemens in 2025

Siemens acquisition close (Siemens press)

On March 26, 2025 Siemens announced it completed the acquisition of Altair Engineering Inc. for an enterprise value of about USD 10 billion, adding mechanical and electromagnetic simulation, HPC, data science, and AI capabilities into Siemens Xcelerator (Siemens).

Industrial simulation and AI positioning (Siemens press)

Siemens framed Altair as a leading industrial simulation and analysis software provider whose technology would deepen Siemens' Digital Twin and industrial AI portfolio after the close (Siemens).

Data & sources

Press releases

1

Web sources

1

2 sources backing this record.View all →

Current leadership (1)

Founders (1)

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Safety record

No incidents on record for Altair Engineering.

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

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Recent coverage

Altair Engineering in third-party press