Siemens has recently signed an agreement to acquire Supplyframe, a Design-to- Source platform for the global electronics value chain. The transaction will allow customers access to both Siemens’ offerings and Supplyframe’s marketplace intelligence.

"We are very pleased to welcome Supplyframe’s highly innovative and talented team to the Siemens family. Supplyframe will be the nucleus to accelerate our overall digital marketplace strategy,” said Cedrik Neike, member of the Managing Board of Siemens AG. "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.”

“Eighteen years ago, we set out on a journey to intelligently connect the extended electronics value chain. It took both a dedicated team and a visionary customer base to gradually turn our vision into reality. This process has been further accelerated by the recent component shortage environment, which has exposed the fragility of supply chains and created a mandate for digital transformation and intelligent decision making. I am thrilled to join forces with Siemens to scale our innovation and drive broader adoption of our DSI solutions globally. This is an amazing outcome for our customers, partners and employees," said Steve Flagg, CEO and founder of Supplyframe.

Supplyframe has created a strong Design-to-Source Intelligence ecosystem with over 10 million engineering and supply chain professionals worldwide, allowing businesses to design, source, market and sell products in the global electronics value chain. Steve Flagg will continue as CEO of the company and join the Siemens Digital Industries Software senior leadership team.