The deal furthers the German engineering giant’s migration to higher margin, software-driven product lines. — Reuters
BERLIN: Siemens AG has agreed to buy software maker Altair Engineering Inc for an enterprise value of US$10bil, furthering the German engineering giant’s migration to higher margin, software-driven product lines.
In its largest-ever acquisition, Siemens will pay Altair investors US$113 a share, according to a statement.
