Form 4: Altair Engineering Acquired by Siemens, JRS Investments LLC Discloses Beneficial Ownership Changes

JRS Investments LLC reports changes in beneficial ownership of Altair Engineering Inc. stock following the company's acquisition by Siemens Industry Software Inc.

Summary

• JRS Investments LLC filed a Form 4 with the SEC on March 26, 2025, reporting changes in beneficial ownership of Altair Engineering Inc. (ALTR) stock.
• The filing is triggered by Altair's acquisition by Siemens Industry Software Inc. on March 26, 2025.
• As a result of the merger, each share of Altair's Class B Common Stock was canceled and converted into the right to receive $113.00 in cash.
• JRS Investments LLC previously held 6,626,682 shares of Class B Common Stock.
• Raoul Maitra, attorney-in-fact, signed the report on behalf of JRS Investments, LLC.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition provides a cash payout to shareholders, which is generally viewed favorably. The filing itself is a routine disclosure.

Positives

• The acquisition of Altair by Siemens provides a cash payout to shareholders, including JRS Investments LLC.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the acquisition.

Industry Context

The acquisition of Altair Engineering by Siemens Industry Software reflects a trend of consolidation in the engineering software industry, where larger companies acquire specialized firms to expand their product offerings and market reach.

Comparison to Industry Standards

• It is difficult to compare this specific transaction to industry standards without knowing the exact multiples paid by Siemens for Altair.
• However, acquisitions in the software industry often involve premiums based on revenue, earnings, or user base.
• Comparable companies in the engineering software space include Ansys, Dassault Systèmes, and Autodesk, which have all been involved in acquisitions to expand their capabilities.

Stakeholder Impact

• Shareholders of Altair Engineering received $113.00 in cash for each share of Class B Common Stock.
• Employees of Altair Engineering will likely become part of Siemens Industry Software Inc.

Key Dates

Keywords

Altair Engineering, Siemens, acquisition, JRS Investments LLC, beneficial ownership, Form 4, merger, ALTR, Class B Common Stock