Siemens to acquire U.S.-based Supplyframe for $700 million

Industry:    2021-05-18

Germany’s Siemens on Monday said it signed an agreement to buy a U.S.-based Supplyframe for $700 million.

“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,” Siemens board member Cedrik Neike said.

Siemens said the deal would result in synergies amounting to a mid-triple-digit million dollar sum.

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