The deal 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.

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.

Siemens AG—and that’s Siemens Siemens, not Siemens Healthineers—is expanding its industrial software business further into the life sciences, with a $5.1 billion plan to acquire digital R | The German conglomerate said the deal would not only add to its work in artificial intelligence and digital twins but would also help it provide customers with a more seamless connection between research and manufacturing.