Altair Engineering Inc. Stockholders Approve Proposed Merger with Siemens

Core Viewpoint - Altair Engineering Inc. has received approval from its stockholders for a merger agreement with Siemens Industry Software Inc., a subsidiary of Siemens AG, with the acquisition price set at $113.00 per share in cash [1][2]. Company Overview - Altair is recognized as a global leader in computational intelligence, providing software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI, aimed at enhancing organizational competitiveness and sustainability [3]. - Siemens AG is a leading technology company focused on industry, infrastructure, mobility, and healthcare, with a fiscal 2024 revenue of €75.9 billion and a net income of €9.0 billion [4]. Merger Details - The merger will result in Siemens Industry acquiring all outstanding shares of Altair's common stock, and following the transaction, Altair's securities will be delisted from public stock exchanges [2]. - The final voting results from the special meeting will be filed with the U.S. Securities and Exchange Commission (SEC) [1].