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Siemens Buys US Company SupplyFrame for $700 Million

By Olivia Bugault


Siemens AG said late Monday that it has signed a deal for the acquisition of U.S.-based electronics value chain provider Supplyframe for $700 million.

The German engineering conglomerate said that the acquisition would reinforce its Software as a Service portfolio.

"Supplyframe's SaaS offerings have been growing with approximately 40% per annum over the last years, a rate that is expected to continue mid-term," Siemens said. Supplyframe's expected revenue for its fiscal year 2021 is around $70 million, Siemens said.

The German company also said that it expects important synergies from the deal and that its earnings per share should increase pre-purchase price allocation in the second year after closing. The deal is expected to close in the fourth quarter of its fiscal year 2021.


Write to Olivia Bugault at


(END) Dow Jones Newswires

May 18, 2021 02:34 ET (06:34 GMT)

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