Stuttgart – Nasdaq-listed AI company Altair Engineering Inc, acting through its wholly owned subsidiary Altair Engineering GmbH, has acquired Concept Engineering, a leading provider of electronic systems visualization software. The company develops solutions for automated schematic design, electronic circuit visualization platforms and wire harnesses that enable visual rendering on the fly. Concept Engineering's software will be integrated into Altair's Electronic System Design Suite. All parties involved have agreed not to disclose details of the transaction.
A CMS team led by lead partner John Hammond again provided comprehensive legal advice to Altair on the transaction.
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