Source: www.reuters.com
FRANKFURT, May 17 (Reuters) - Germany's Siemens (SIEGn.DE) on Monday said it signed an agreement to buy U.S.-based Supplyframe for $700 million.
"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," Siemens board member Cedrik Neike said.
Siemens said the deal would result in synergies amounting to a mid triple-digit million dollar sum.
