Dassault Systèmes invests up to $2 billion to acquire Aris Global
The transaction is expected to be completed in the second half of the year and is subject to regulatory approval. Dassault Systèmes said that this acquisition will help companies seize development opportunities in the life sciences industry's transformation towards artificial intelligence and precision medicine. Dassault Systèmes said that this acquisition will help companies seize development opportunities in the life sciences industry's transformation to artificial intelligence and precision medicine. Dassault Systèmes has reached an agreement to acquire a US life sciences software service provider from Nordic Capital The total transaction value is up to US$2 billion. Dassault Systèmes (ticker: DSY, +3.13%) announced the acquisition of Aris Global, a unit of Nordic Capital. Aris Global is a professional software supplier in the field of life sciences in the United States. The transaction price is capped at US$2 billion, and Dassault will use this to improve its artificial intelligence-related product system. The French software company disclosed on Thursday that it will pay approximately US$1.8 billion in cash when the acquisition is completed; there is also a floating balance of up to US$200 million, and the payment conditions are bound to the artificial intelligence business revenue assessment indicators. Dassault Systèmes said that with the help of this transaction, the company can seize the industry transformation dividends of the life sciences industry embracing artificial intelligence and precision medicine. The company expects that the acquisition will drive revenue growth and increase earnings per share in the first year after completion. The transaction is expected to be completed in the second half of this year, provided that it successfully passes regulatory approval and meets various conventional delivery requirements. Nordic Capital acquired a majority controlling stake in Aris Global as early as 2019.