Siemens completes acquisition of Dotmatics
Germany, July 1 -- Siemens AG announced today 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 gr...
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