Siemens AG announces that it has completed the acquisition of Dotmatics, a leading provider of Life Sciences R&D software headquartered in Boston and portfolio company of global software investor Insight Partners, for an enterprise value of $5.1 billion. With the transaction now completed, Dotmatics will form part of Siemens’ Digital Industries Software business, marking a significant expansion of Siemens’ industry-leading Product Lifecycle Management (PLM) portfolio into the rapidly growing and complementary Life Sciences market. The acquisition of Dotmatics strengthens Siemens’ position as a global leader in AI-powered PLM software and enables Siemens to scale its technologies into Life Sciences to fully address growth opportunities in this market.
Read the full article: Siemens Completes Acquisition of Dotmatics //
Source: https://www.prnewswire.com/news-releases/siemens-completes-acquisition-of-dotmatics-302495761.html