Siemens Agrees to Buy Software Company Dotmatics for $5.1 Billion

By Kelly Cloonan

Siemens has agreed to acquire Dotmatics, a life-science research-and-development software company, for $5.1 billion, the companies said Wednesday.

The deal will be financed primarily through the sale of shares in listed companies, including Siemens Healthineers, Siemens said.

Dotmatics extends Siemens's artificial-intelligence-powered product-lifecycle-management portfolio into life sciences and increases the company's total addressable market in industrial software by $11 billion.

The deal aligns with the Munich company's aims to accelerate innovation across industries.

"Artificial Intelligence has emerged as a transformative force across various industries, and its application in Life Sciences is becoming increasingly important," Siemens Chief Executive Roland Busch said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com