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.

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Germany group Siemens said on Wednesday it is buying Dotmatics, a US software company, for $5.1 billion to leverage its use of artificial intelligence to make drug discoveries.