SIEGY - Siemens to buy Supplyframe in $700M deal

Siemens (SIEGY) agrees to acquire Supplyframe, a California-based design-to-source platform for the global electronics value chain, for $700M.Supplyframe "has created a strong design-to-source intelligence ecosystem with over 10M engineering and supply chain professionals worldwide, transforming how businesses design, source, market and sell products in the global electronics value chain," Siemens says.Siemens says the deal will result in synergies totaling in the mid-triple-digit million dollars.

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Siemens to buy Supplyframe in $700M deal