Summary of SIEMENS ACCELERATES DIGITAL MARKETPLACE STRATEGY WITH ACQUISITION OF SUPPLYFRAME FOR USD 0.7 BILLION
Siemens has agreed to acquire Supplyframe for USD 0.7 billion, integrating Supplyframe’s Design-to-Source Intelligence (DSI) marketplace and SaaS offerings into Siemens’ industrial software portfolio. The deal aims to give customers faster access to marketplace intelligence, reduce costs, increase agility, and support informed decisions. It strengthens Siemens’ SaaS presence in EDA and PCB domains and targets growth into additional technology fields, leveraging Supplyframe’s ecosystem of over 10 million professionals and its ~40% annual SaaS growth.
Parts used in theSiemens acquisition of Supplyframe:
- Agreement to acquire Supplyframe
- USD 0.7 billion transaction
- Supplyframe Design-to-Source Intelligence (DSI) platform
- Supplyframe SaaS offerings
- Siemens industrial software portfolio
- Electronic Design Automation (EDA) capabilities
- Printed Circuit Board (PCB) domain capabilities
- Supplyframe marketplace intelligence
- Supplyframe customer and partner ecosystem
- Integration strategy for digital marketplace
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.
“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,” said Cedrik Neike, member of the Managing Board of Siemens AG. “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.”
“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. This is an amazing outcome for our customers, partners and employees,” said Steve Flagg, CEO and founder of Supplyframe.
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.
Read more: SIEMENS ACCELERATES DIGITAL MARKETPLACE STRATEGY WITH ACQUISITION OF SUPPLYFRAME FOR USD 0.7 BILLION
- What did Siemens agree to acquire?
Siemens agreed to acquire Supplyframe, a Design-to-Source platform, for USD 0.7 billion. - How will the acquisition benefit customers?
The acquisition will provide seamless and quick access to Siemens and Supplyframe offerings, helping customers reduce costs, increase agility and make highly informed decisions. - Which areas of Siemens portfolio does the acquisition strengthen?
It strengthens Siemens portfolio through Software as a Service, particularly in EDA and PCB, and enables scaling into other domains and technology fields. - What is Supplyframe known for?
Supplyframe is known for its Design-to-Source Intelligence ecosystem and marketplace intelligence for the global electronics value chain. - How large is Supplyframe’s user ecosystem?
Supplyframe has an ecosystem of over 10 million engineering and supply chain professionals worldwide. - What has been Supplyframe’s SaaS growth rate?
Supplyframe’s SaaS offerings have been growing at around 40% per year over the last years. - Why is the timing of the acquisition important according to Supplyframe’s CEO?
The recent component shortage exposed supply chain fragility and accelerated demand for digital transformation and intelligent decision making, motivating the move. - Who commented for Siemens about the acquisition?
Cedrik Neike, member of the Managing Board of Siemens AG, commented on welcoming Supplyframe and its role in accelerating Siemens’ digital marketplace strategy.
