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Siemens to Acquire Dotmatics for $5.1B, Strengthening its Position in Life Science Market

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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 Rastogi

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.

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