Digital marketplace
Siemens buys Supplyframe
Siemens is expanding its strategy for digital marketplaces with the acquisition of the design-to-source platform Supplyframe. The Group is spending 700 million euros on this.
Supplyframe is a so-called DSI (Design-to-Source Intelligence) ecosystem with more than ten million engineers and purchasers as customers worldwide. It helps companies with the product development, procurement, marketing and sale of electronic components. The company was founded in 2003 in Pasadena, California, and expects a turnover of 70 million dollars for the 2021 financial year with the usual profit margins for the software business.
Siemens expects the acquisition to create significant added value for its customers: Seamless access to Siemens' offering and Supplyframe's marketplace expertise should help customers reduce costs, increase flexibility and speed. The acquisition also strengthens Siemens' portfolio through Software-as-a-Service (SaaS) - not only in Electronic Design Automation (EDA) and Printed Circuit Boards (PCB), but also in other business and technology areas. Cedrik Neike, Member of the Siemens Managing Board and CEO Digital Industries: "Supplyframe will be the nucleus for the acceleration of our digital marketplace strategy. Supplyframe's ecosystem and marketplace expertise perfectly complement our industrial software portfolio. This will also enable us to serve the growing market of small and medium-sized companies even better."
The Group expects significant synergies between Supplyframe and the Siemens portfolio with a net present value in the mid triple-digit million dollar range. Closing of the transaction is subject to customary conditions and is expected in the last quarter of fiscal year 2021.
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