Deals
Siemens in Talks to Buy Software Group Altair
- German engineering group working with advisers on possible bid
- Other bidders could also emerge as US firm Altair weighs sale
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Siemens AG is in talks about a potential deal to acquire software maker Altair Engineering Inc., people familiar with the matter said, in what would be its largest-ever acquisition.
The German engineering group is working with advisers as it discusses a move for Troy, Michigan-based Altair, according to the people, who asked not to be identified discussing confidential information. The US company has been exploring a sale and other bidders could also emerge, they said.