Siemens to buy engineering software firm Altair in $10.6 billion deal

FILE PHOTO: Siemens logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Siemens will buy American engineering software firm Altair Engineering in a deal valued at $10.6 billion, the German company said on Wednesday, as it seeks to strengthen its presence in the fast-growing industrial software market.

(Reporting by John Revill in Zurich, Emma-Victoria Farr in Frankfurt; Editing by Maju Samuel)

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