Lowenstein Sandler is advising Altair (Nasdaq: ALTR), a global leader in computational intelligence, in connection with Altair’s definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion.
The transaction is expected to close in the second half of 2025, following the satisfaction of customary closing conditions.
Altair provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI, enabling organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world, all while creating a greener, more sustainable future.
Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable.
Lowenstein previously represented Altair in:
- a $230 million offering of senior convertible notes (2022)
- a $230 million underwritten public offering (2019)
- its $176 million acquisition of Datawatch Corporation (2018)
- its $156 million IPO (2017)
The Lowenstein deal team included Peter H. Ehrenberg, Lauren E. Vanderdrift, Kate Basmagian, Darren Goodman, Brendan J. Koeth, Revel Atkinson, and Santino Pelusi.
