Siemens to acquire Dotmatics in $5.1 billion deal in Life Science portfolio push

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Siemens to acquire Dotmatics in $5.1 billion deal in Life Science portfolio push

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Siemens to acquire Dotmatics in $5.1 billion deal in Life Science portfolio push

//science-technology.news-articles.net/content/2 .. billion-deal-in-life-science-portfolio-push.html

Published in Science and Technology on Wednesday, April 9th 2025 at 7:02 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Siemens AG said on Wednesday it will acquire U.S.-based Dotmatics for $5.1 billion from private equity firm Insight Partners to strengthen its Life Sciences portfolio.

Siemens AG has announced a $1.4 billion acquisition of Dotmatics, a US-based software company specializing in life sciences research and development, as part of its strategy to expand its life sciences portfolio. The deal, expected to close in the second quarter of 2023, will see Dotmatics integrated into Siemens' digital industries segment, enhancing its software offerings for pharmaceutical, biotech, and chemical industries. This move is aimed at capitalizing on the growing demand for digital solutions in life sciences, with Dotmatics' platform facilitating data management and analytics to accelerate drug discovery and development processes.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/companies/siemens-to-acquire-dotmatics-in-51-billion-deal-in-life-science-portfolio-push/ar-AA1CaNeE ]