Siemens acquires digital marketplace firm for $700m


Source: tradearabia.com tradearabia.com

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Siemens acquires digital marketplace firm for $700m MUNICH, 2 hours, 56 minutes ago Siemens has signed an agreement to acquire Supplyframe, a leading Design-to-Source platform for the global electronics value chain, for $700 million, thus providing 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...