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Siemens close to acquiring software maker Dotmatics for $5 billion - Bloomberg

Published 02/04/2025, 19:18
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Investing.com -- Siemens AG (OTC:SIEGY), the German industrial manufacturing company, is reported to be on the verge of finalizing a deal to purchase research and development software maker Dotmatics for approximately $5 billion. This information comes from Bloomberg news, citing sources who wished to remain anonymous due to the confidentiality of the matter. An announcement regarding the acquisition could be made as early as Wednesday.

Dotmatics, a company backed by private equity firm Insight Partners, was established in 2005 by scientists Stephen Gallagher and Alastair Hill, both from Merck & Co (NYSE:MRK). Insight Partners first invested in Dotmatics in 2017. In 2021, a fund supported by Insight Partners agreed to acquire Dotmatics in a deal that was valued up to £500 million ($648 million), as reported at the time.

As of now, the details of the deal remain confidential and no official statements have been made.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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