Siemens to Acquire Dotmatics for $5.1B, Strengthening its Position in Life Science Market
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- Siemens has entered into an agreement to acquire Dotmatics for $5.1B from Insight Partners, strengthening its position in the life science market
- Acquisition will integrate Siemens' manufacturing, industrial simulation, & AI expertise with Dotmatics' complementary offerings, creating an AI-powered product lifecycle management (PLM) portfolio as part of Siemens Xcelerator for seamless R&D-to-manufacturing connectivity
- Siemens will finance the acquisition primarily through sale of shares in listed companies, including Siemens Healthineers
Ref: Siemens | Image: Dotmatics
Related News:- Siemens Healthineers to Acquire Novartis’ Radiodiagnostic Manufacturing and Distribution Network
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Ridhi is an avid secondary researcher who follows trends in the biopharmaceutical and healthcare sectors to curate engaging content for the global audience. She works as a news editor at PharmaShots and loves to read books and explore new destinations.
