The German manufacturer has been exiting heavy-equipment businesses and shifting its focus to software to improve profitability.

The parties aim to create an end-to-end digital thread that links research data all the way through to life sciences manufacturing.

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.