Siemens accelerates with acquisition of Supplyframe
Summary
Supplyframe will be the nucleus to accelerate our overall digital marketplace strategy,” said Cedrik Neike, member of the Managing Board of Siemens. 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. Siemens will realise significant synergies between Supplyframe’s capabilities and its own portfolio with an expected USD mid-triple digit net present value. Steve Flagg will continue as CEO of the company and join the Siemens Digital Industries Software senior leadership team.