Form 4: Altair Engineering Inc. Acquired by Siemens Industry Software Inc. for $113 Per Share

GC Investments LLC, a 10% owner of Altair Engineering Inc., reports the disposition of its Class A and Class B Common Stock following the company's acquisition by Siemens Industry Software Inc. at $113 per share.

Summary

• GC Investments LLC, a 10% owner of Altair Engineering Inc. (ALTR), filed a Form 4 on March 26, 2025, reporting changes in beneficial ownership.
• The filing indicates that Altair Engineering Inc. was acquired by Siemens Industry Software Inc. on March 26, 2025.
• As a result of the merger, each share of Altair's Class A Common Stock was canceled and converted into the right to receive $113.00 in cash.
• Similarly, each share of Class B Common Stock was canceled and converted into the right to receive $113.00 in cash.
• GC Investments LLC disposed of 300,000 shares of Class A Common Stock and 4,044,004 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a completed acquisition, which generally provides certainty for shareholders. The sentiment is neutral to positive as the acquisition price is defined.

Positives

• The acquisition provides a clear exit strategy for shareholders at a defined price of $113 per share.

Future Outlook

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

Industry Context

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

Comparison to Industry Standards

• Comparable acquisitions in the software industry often involve premium valuations based on revenue multiples or strategic fit.
• The $113 per share acquisition price would need to be compared to industry benchmarks for similar software companies to assess its fairness.

Stakeholder Impact

• Shareholders receive $113 per share.
• Employees may experience changes as part of the integration with Siemens.

Key Dates

Keywords

Acquisition, Merger, Siemens, Altair Engineering Inc., GC Investments LLC, Class A Common Stock, Class B Common Stock, Beneficial Ownership, Form 4