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Tag: Siemens

Siemens Set to Acquire Supplyframe

Siemens Set to Acquire Supplyframe
Siemens is set to reinforce its digital marketplace strategy with the $700m acquisition of US supply chain software provider Supplyframe. The deal, which is a 10x multiple on Supplyframe's $70m in revenue is expected to close by the end of 2021. Neither Siemens nor Supplyframe have disclosed specific information on how the purchase price of $700m has been calculated and if competitors were involved. Siemens believes that using Supplyframe's marketplace intelligence and supply chain management solutions will help its customers cut costs, boost agility, and make more informed decisions. In the global electronics value chain, the agreement also brings 10...

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