0555 GMT - Siemens' acquisition of Dotmatics looks strategically sound but, at $5.1 billion, the move is not cheap, RBC Capital Markets analysts say in a research note. The acquisition cost represents about 3% of the German industrial company's market cap to acquire a software company that generates about 1% of Siemens' Ebita, the analysts say. The expansion of the company's software capabilities is a key factor enabling Siemens to deliver growth. "The question is whether Software M&A will translate into the group valuation in the near term, or be another undervalued portion of the Siemens sum-of-the-parts," the analysts say.(pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 01:56 ET (05:56 GMT)
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