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Continue with the current browserPress Release17 May 2021Siemens AGMunich
Siemens has signed an agreement to acquireSupplyframe, a leading Design-to-Source platform for the global electronicsvalue chain, for USD 0.7 billion. The transaction unlocks significant value forcustomers of Supplyframe and Siemens, providing seamless and quick access toboth Siemens’ offerings and Supplyframe’s marketplace intelligence. This willhelp customers to reduce costs, increase agility and make highly informeddecisions. The acquisition also strengthens the Siemens portfolio throughSoftware as a Service (SaaS) – not only in the field of Electronic DesignAutomation (EDA) and Printed Circuit Boards (PCB), but also scaling into otherdomains and technology fields.
Siemens has signed an agreement to acquireSupplyframe, a leading Design-to-Source platform for the global electronicsvalue chain, for USD 0.7 billion. The transaction unlocks significant value forcustomers of Supplyframe and Siemens, providing seamless and quick access toboth Siemens’ offerings and Supplyframe’s marketplace intelligence. This willhelp customers to reduce costs, increase agility and make highly informeddecisions. The acquisition also strengthens the Siemens portfolio throughSoftware as a Service (SaaS) – not only in the field of Electronic DesignAutomation (EDA) and Printed Circuit Boards (PCB), but also scaling into otherdomains and technology fields.
"We are very pleased to welcomeSupplyframe’s highly innovative and talented team to the Siemens family.Supplyframe will be the nucleus to accelerate our overall digital marketplacestrategy,” said Cedrik Neike, member of the Managing Board of Siemens AG."Supplyframe’s ecosystem and marketplace intelligence complements ourindustrial software portfolio perfectly and strengthens our capabilities forthe growing market of small- and mid-size customers.”
“Eighteen years ago, we set out on a journeyto intelligently connect the extended electronics value chain. It took both adedicated team and a visionary customer base to gradually turn our vision intoreality. This process has been further accelerated by the recent componentshortage environment, which has exposed the fragility of supply chains andcreated a mandate for digital transformation and intelligent decision making. Iam thrilled to join forces with Siemens to scale our innovation and drivebroader adoption of our DSI solutions globally.This is an amazing outcome for our customers, partners andemployees," said Steve Flagg, CEO and founder of Supplyframe.
Supplyframehas created a strong Design-to-Source Intelligence (DSI) ecosystem with over 10million engineering and supply chain professionals worldwide, transforming howbusinesses design, source, market and sell products in the global electronicsvalue 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.
Siemens will realize significant synergiesbetween Supplyframe’s capabilities and its own portfolio with an expected USDmid-triple digit net present value.EPS accretive pre-ppa in second year after closing. Steve Flagg will continue as CEO of thecompany and join the Siemens Digital Industries Software senior leadershipteam.
Foundedin 2003, Supplyframe is headquartered in Pasadena, California with offices inthe USA, China, France, Serbia and the UK. The expected revenue of Supplyframefor the fiscal year 2021 is around $70 million with profit margins typical forthe software business.
Closing of the transaction is subject tocustomary conditions and is expected in the fourth quarter of fiscal year 2021.
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Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 76,000 employees internationally.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020.
In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €55.3 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Notes and forward-looking statements
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks of the Annual Report, and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
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Contact
Kate Eby
Siemens USA
+1404-394-8711
kate.eby@siemens.com
Florian Martens
Siemens AG
+49 (162) 2306627
florian.martens@siemens.com
Simon Krause
Siemens AG
+49 (176) 4039683
krause.simon@siemens.com
David Petry
Siemens Digital Industries
+49 (173) 5371050
david.petry@siemens.com
