Breakingviews - Siemens AI deal is baby step to higher share price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Should l Buy ?
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.
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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.
