Dassault Systemes to buy Medidata Solutions in $5.8 billion dealChristian Fernsby ▼ |
Acquisition Dassault Systemes
Dassault Systèmes and Medidata Solutions announced the signing of a definitive agreement for Dassault Systèmes to acquire Medidata in an all-cash transaction at a price of $ 92.25 per share of Medidata, representing an enterprise value of $5.8 billion.
Medidata’s fiscal year ended December 31, 2018, and its revenue was $636 million.
With the acquisition of U.S.-based Medidata and its clinical and commercial solutions, Dassault Systèmes will reinforce its position as a science-based company by providing the Life Sciences industry with an integrated business experience platform for an end-to-end approach to research and discovery, development, clinical testing, manufacturing and commercialization of new therapies and health technologies. ■
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