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Siemens has signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive USD 113 per share, representing an enterprise value of approximately USD 10 billion. The offer price represents a 19 percent premium to Altair's unaffected closing price on October 21, 2024, the last trading day prior to media reports regarding a possible transaction. With this acquisition Siemens strengthens its position as a leading technology company and its leadership in industrial software.
Wintriss Controls Group has added flexible and affordable purchase options for ShopFloorConnectOEE, ProductionTracking, and Data Collection software, which allows users to quickly and easily leverage data from their machines. ShopFloorConnect is an on-premises software solution that provides timely, accurate, and unbiased data directly from the shop floor for making informed management decisions. Wintriss received a positive response when it debuted the new start-up purchase packages and options at Fabtech 2024. It will also be presenting the packages at Pack Expo 2024, Booth # LU-8431 McCormick Place, Chicago Illinois from November 3– 6 this year.
Hottinger Brüel & Kjær (HBK) officially launched Advantage Insights empowered by nCode (Advantage Insights), their latest data analysis tool. Advantage Insights offers a powerful, intuitive solution designed to unlock the full potential of engineering data, by speeding up and simplifying the process of handling this data. Some of the key benefits include: