Breakingviews - Siemens AI deal is baby step to higher share price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Source: Reuters
Siemens Acquires Altair Engineering: Siemens is purchasing Altair Engineering for $10 billion to enhance its software capabilities and potentially increase revenue through cross-selling, despite the deal being seen as expensive with a modest immediate profit impact.
Strategic Shift Towards Software: CEO Roland Busch aims to simplify Siemens' structure and boost its valuation by focusing on its growing software division, which could significantly increase the company's market value if managed effectively.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
