
German-based Siemens AG said it signed a deal to buy U.S.-based Altair Engineering for about $10.6 billion to strengthen its presence in the industrial software market.
The acquisition of Altair, a computational science and artificial intelligence software provider, strengthens Siemens' position as a leading technology company and further cement Siemens among the leaders when it comes to industrial software, Siemens said in a press release.