Published On: Tue, May 18th, 2021

Siemens to acquire design-to-source platform Supplyframe for $700m

Tagged with: | | | | |

Siemens has agreed to acquire Supplyframe, a California-based design-to-source platform for the electronics value chain, for $700 million.

Supplyframe is said to have created a robust design-to-source intelligence (DSI) ecosystem with more than 10 million engineering and supply chain professionals across the world. The company is said to transform the way businesses design, procure, market, and sell products in the global electronics value chain.

According to Siemens, the deal unlocks considerable value for customers of both the companies by offering seamless and quick access to both the German conglomerate’s offerings and the marketplace intelligence of Supplyframe.

The acquisition is also said to strengthen the portfolio of Siemens through Software as a Service (SaaS) in the field of electronic design automation (EDA) and also printed circuit boards (PCB), while scaling into other domains and technology fields.

Siemens to acquire design-to-source platform Supplyframe for $700m

Siemens to acquire design-to-source platform Supplyframe for $700m. Photo courtesy of Siemens Internet.

Cedrik Neike – member of the Managing Board of Siemens said: “We are very pleased to welcome Supplyframe’s highly innovative and talented team to the Siemens family. Supplyframe will be the nucleus to accelerate our overall digital marketplace strategy.

“Supplyframe’s ecosystem and marketplace intelligence complements our industrial software portfolio perfectly and strengthens our capabilities for the growing market of small- and mid-size customers.”

Established in 2003, Supplyframe, which is headquartered in Pasadena, has offices across the US, , , the UK, and Serbia. Its expected revenue for the fiscal year 2021 is nearly $70 million.

Steve Flagg – CEO and founder of Supplyframe said: “Eighteen years ago, we set out on a journey to intelligently connect the extended electronics value chain. It took both a dedicated team and a visionary customer base to gradually turn our vision into reality.

“This process has been further accelerated by the recent component shortage environment, which has exposed the fragility of supply chains and created a mandate for digital transformation and intelligent decision making. I am thrilled to join forces with Siemens to scale our innovation and drive broader adoption of our DSI solutions globally.”

The deal, which is subject to customary conditions, is expected to close in the fourth quarter of fiscal year 2021.

Related posts

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>