Latham & Watkins Advises Siemens in US$10 Billion Acquisition of Altair Engineering

Siemens has announced that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately US$10 billion. With this acquisition, Siemens extends its leadership in simulation and industrial artificial intelligence by adding new capabilities in mechanical and electromagnetic simulation, high-performance computing, data science, and AI. The addition of the Altair team and technology to Siemens will further enhance the most comprehensive Digital Twin and make simulation more accessible, so companies of any size can bring complex products to market faster.

Latham & Watkins LLP represented Siemens in the transaction with a corporate deal team led by New York partners Eyal Orgad, Daniel Williams, Robert Katz, and James Gorton, with associates Jesse Lake, Sean Lyuk, and Grace Jang and Orange County associate Elena Burns. Advice was also provided on German corporate matters by Munich partners Rainer Traugott and Stephan Hufnagel; on compensation and benefits matters by Los Angeles partner Larry Seymour, with associate Megan Ampe; on US antitrust matters by Washington, D.C. partners Michael Egge and Jason Cruise; on ex-US antitrust and foreign direct investment matters by London partner Jonathan Parker, Hamburg partner Jana Dammann de Chapto, Brussels partners Sven Völcker and Héctor Armengod, and Paris partner Charles-Antoine Guelluy; on CFIUS matters by Washington, D.C. partner Les Carnegie and Washington, D.C. counsel Catherine Hein; on regulatory matters by Washington, D.C. partner Kyle Jefcoat and Washington, D.C. counsel Andrew Galdes; on environmental matters by Washington, D.C. partner James Barrett; on labor and employment matters by Chicago partner Nineveh Alkhas; on real estate matters by Chicago counsel Jeffrey Anderson; on tax matters by Bay Area partner Katharine Moir; on intellectual property matters by Orange County counsel David Kuiper; on data privacy matters by Houston/Austin partner Robert Brown; on finance matters by New York partner Scott Ollivierre; and on capital markets matters by Los Angeles partner Arash Aminian Baghai.