Siemens accelerates digital marketplace strategy with acquisition of Supplyframe

• Siemens to acquire Supplyframe, a leading and fast-growing marketplace for the global electronics value chain
• Combining Supplyframe’s knowhow with Siemens’ leading software enables customers to innovate and develop products faster
• Supplyframe to be the nucleus of Siemens’ digital marketplace strategy
• Closing of transaction expected in fourth quarter of fiscal year 2021

Siemens has signed an agreement to acquire Supplyframe, a leading Design-to-Source platform for the global electronics value chain, for USD 0.7 billion. The transaction unlocks significant value for customers of Supplyframe and Siemens, providing seamless and quick access to both Siemens’ offerings and Supplyframe’s marketplace intelligence. This will help customers to reduce costs, increase agility and make highly informed decisions. The acquisition also strengthens the Siemens portfolio through Software as a Service (SaaS) – not only in the field of Electronic Design Automation (EDA) and Printed Circuit Boards (PCB), but also scaling into other domains and technology fields.

Supplyframe has created a strong Design-to-Source Intelligence (DSI) ecosystem with over 10 million engineering and supply chain professionals worldwide, transforming how businesses design, source, market and sell products in the global electronics value chain. Supplyframe’s SaaS offerings have been growing with ca. 40% p.a. over the last years, a rate that is expected to continue mid-term.

Closing of the transaction is subject to customary conditions and is expected in the fourth quarter of fiscal year 2021.

You can find more info in original Press Relese.