Altair Engineering INC

Altair Engineering completed its merger with Siemens Industry Software on March 26, 2025, and amended its indenture agreement to reflect the change in control and conversion rights of its 1.750% Convertible Senior Notes due 2027.

Altair reports a 12.3% increase in total revenue for Q4 2024 and a 8.7% increase for the full year, alongside a pending acquisition by Siemens.

Altair Engineering Inc. stockholders have approved the merger agreement with Siemens Industry Software Inc., leading to Altair becoming a wholly-owned subsidiary of Siemens and delisting from the Nasdaq.

Altair Engineering is facing multiple lawsuits alleging deficiencies in its proxy statement related to the proposed merger with Siemens Industry, prompting the company to issue supplemental disclosures.

Altair Engineering announced a robust third quarter with significant revenue growth and improved profitability, coinciding with the news of its acquisition by Siemens.

Siemens will acquire Altair Engineering for $10.6 billion, with stockholders receiving $113 per share in cash.

Altair Engineering Inc. reported its third-quarter 2024 financial results, showing revenue growth and a return to profitability, while also announcing a definitive merger agreement with Siemens Industry Software Inc.

Altair Engineering saw a revenue increase in Q2 2024, but still reported a net loss, alongside strategic acquisitions and the settlement of convertible notes.

Altair Engineering saw a significant increase in net income for Q1 2024, driven by software revenue growth and improved operating efficiency.

Altair Engineering Inc. files an amendment to its annual report on Form 10-K to include previously omitted information and certifications, amidst an ongoing merger with Siemens Industry Software Inc.

Altair Engineering Inc. will be acquired by Siemens Industry in a deal valued at $10.6 billion, pending regulatory approvals and customary closing conditions.

Altair Engineering Inc.'s 2023 annual report highlights a year of revenue growth, strategic acquisitions, and continued investment in research and development across its software and client engineering services segments.

Mahalingam Srikanth, Chief Technology Officer of Altair Engineering Inc., reports the cancellation of stock and stock options following the acquisition of the company by Siemens Industry Software Inc.

Brian Gayle, Chief Accounting Officer of Altair Engineering Inc., reports the cancellation of common stock and stock options following the acquisition of the company by Siemens Industry Software Inc., with holders receiving cash payments.

Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., reports the cancellation of stock and options following the acquisition of the company by Siemens Industry Software Inc. on March 26, 2025, with each share converted to $113 in cash.

Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering, reports the disposal of shares and options following the acquisition of the company by Siemens Industry Software Inc.

Following the acquisition of Altair Engineering by Siemens Industry Software Inc., CEO James Scapa reports the cancellation of his Class A and Class B common stock, along with various stock options, in exchange for cash.

Director Teresa A. Harris reports the cancellation of Class A Common Stock and related derivative securities due to the acquisition of Altair Engineering Inc. by Siemens Industry Software Inc.

Altair Engineering is supplementing its proxy statement related to its merger with Siemens Industry Software following multiple stockholder lawsuits alleging material omissions and misrepresentations.

Altair Engineering Inc. has entered into an agreement to be acquired by Siemens Industry Software Inc. for $113 per share in cash, representing a significant premium over its recent trading prices.

Altair Engineering employees are being informed about how their equity holdings will be handled in the pending acquisition by Siemens, with vested and unvested awards being cashed out or replaced with cash payments.

Altair Engineering has announced a definitive agreement to be acquired by Siemens for $113 per share in an all-cash transaction valued at $10.6 billion.

Siemens Industry Software Inc. plans to acquire Altair Engineering to enhance its digital twin capabilities with Altair's simulation, data science, and AI technologies.

Altair Engineering has announced a proposed transaction to be acquired by Siemens Industry Software Inc., aiming to enhance Siemens' comprehensive digital twin strategy.