"This is certainly not the final acquisition we will pursue in the software sector," Neike stated in an interview with the German newspaper Handelsblatt, published on Friday.
"We possess the financial capability to engage in further transactions," he noted. "The software sector is a crucial contributor to our growth and profitability."
The Altair acquisition marks the second-largest deal in Siemens's history, enhancing the engineering group's standing in the expanding industrial software market.
Neike, who oversees Siemens Digital Industries' factory automation division, also justified the price paid for Altair, which was acquired at a multiple of 14 times the estimated sales for 2025 and 25 times the projected operating profit.
This price included an 18.7% premium over Altair's closing price on October 21, the day before Reuters first reported on the potential sale.
"It is a gem, a rare opportunity," Neike remarked.
"The industrial software market, particularly in simulation, is highly consolidated.
"In the simulation space, Altair excels in the United States, while we have a strong presence in Asia and Europe. We can drive growth through cross-selling opportunities."
Neike added that Altair is currently experiencing a sales growth rate of 12%, a figure Siemens aims to enhance.