Siemens to Buy Insight-Backed Dotmatics for $5.1 Billion (2)

Siemens AG has agreed to acquire Dotmatics for $5.1 billion as part of a push to provide more artificial intelligence software to life sciences companies.

The German company announced the deal for the Insight Partners-backed R&D software maker in a statement Wednesday that confirmed an earlier Bloomberg News report. The transaction is expected to close in the first half of fiscal year 2026, Siemens said.

The German manufacturer has been exiting heavy-equipment businesses and shifting its focus to software to improve profitability. In March, it completed the acquisition of industrial-simulation software maker Altair Engineering Inc. for an enterprise ...