Siemens AG Acquires Wevolver to Strengthen Engineering Community Engagement and Innovation
- Siemens Digital Industries Software plans to acquire Wevolver to enhance its global engineering community engagement.
- The acquisition aims to create a collaborative ecosystem for engineers, accelerating innovation in product design and sourcing.
- Siemens and Wevolver will drive advancements in technologies like semiconductors and AI, reinforcing their commitment to design-to-source intelligence.
Siemens Enhances Engineering Community Engagement with Wevolver Acquisition
Siemens Digital Industries Software announces its intention to acquire Wevolver, a strategic move designed to bolster the Supplyframe Design-to-Source Intelligence (DSI) network. This acquisition follows Siemens' purchase of Supplyframe in 2021 and aims to significantly expand its reach within the global engineering community. By integrating Wevolver's platform, which attracts millions of hardware and software engineers, Siemens intends to leverage billions of design intent signals. This will not only enhance interaction with over 12 million electronic engineering and procurement professionals monthly but also facilitate a more collaborative and data-driven approach to design intelligence, essential for modern manufacturing.
The partnership is particularly relevant as it underscores Siemens' commitment to innovation in product development. Steve Flagg, CEO of Supplyframe, emphasizes that this acquisition is not merely about increasing reach but about creating a robust ecosystem that supports engineers throughout their research and development processes. By combining resources and expertise, the collaboration aims to accelerate innovation, helping engineers navigate the complexities of product design and sourcing. This aligns seamlessly with Siemens' broader strategy to lead the industry in design-to-source intelligence, ensuring that it can adapt to the rapidly evolving demands of technology.
Bram Geenen, CEO of Wevolver, highlights the synergistic potential of this partnership, stating that the two companies will create a stronger value proposition for the engineering community. By becoming a central hub for engineers, Siemens and Wevolver are positioned to drive advancements in various cutting-edge technologies, including semiconductors and AI. The acquisition reflects Siemens' ongoing dedication to fostering a more interconnected and efficient engineering landscape, ultimately contributing to a new era of design-to-source intelligence that can meet the challenges of modern manufacturing head-on.
In addition to its focus on engineering innovation, Siemens Healthineers recently becomes the first partner to non-exclusively license the SpeechDx dataset from the Alzheimer's Drug Discovery Foundation’s Diagnostics Accelerator. This partnership aims to develop speech-based biomarkers for Alzheimer's disease, highlighting Siemens' commitment to advancing healthcare technology. The SpeechDx dataset is poised to serve as a crucial resource for researchers seeking to enhance the early detection and monitoring of Alzheimer's through speech analysis.
Furthermore, Siemens USA showcases its dedication to job creation and economic growth, committing $285 million to generate nearly 1,000 skilled jobs in the manufacturing sector. This initiative reflects Siemens' broader vision of contributing to the U.S. economy and reinforcing its role as a leader in technological innovation and workforce development.