Siemens
$SIE (-0,75 %) plans to expand its software-business in order to establish itself as a digital and technology company.

At the Siemens Business Conference, CEO Roland Busch discussed with Bill Gates and Jensen Huang from Nvidia about artificial intelligence and digital twins, emphasizing the intention to invest more in digital technologies.

In this context, speculation is circulating about a possible takeover of the US software company Altair Engineering $ALTR (+0 %)which could involve a billion-dollar
acquisition acquisition.

Siemens did not wish to comment on these rumors.

The share price of Altair has risen in recent days as a result of this speculation, and other competitors such as PTC and Cadence Design could also be potential buyers.

However, the takeover process is still at an early stage. -Handelsblatt

Photo: Siemens