Siemens AG said on Wednesday it will acquire U.S.-based Dotmatics for $5.1 billion from private equity firm Insight Partners to strengthen its Life Sciences portfolio. Financing for the deal would be primarily carried by share sales of listed companies, including healthcare subsidiary Siemens Healthineers, its finance chief Ralf Thomas said in a statement. Life Sciences presents a software market opportunity and could expand Siemens' industrial software total addressable market by $11 billion,