Siemens AG Acquires Wevolver to Strengthen Engineering Community Engagement and Innovation
- Siemens plans to acquire Wevolver to enhance its engineering community engagement and expand the DSI network.
- The acquisition aims to foster innovation in product development and support engineers throughout the entire supply chain.
- Siemens positions itself as a leader in design-to-source intelligence, enhancing its commitment to driving innovation in manufacturing.
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 builds on Siemens' earlier purchase of Supplyframe in 2021 and aims to expand its global reach within the engineering community. With this integration, Supplyframe intends to harness billions of design intent signals, thereby reinforcing its connection with over 12 million electronic engineering and procurement professionals on a monthly basis. This partnership not only broadens the audience but also seeks to foster a collaborative, data-driven environment essential for contemporary manufacturing.
The acquisition is expected to accelerate innovation in product development by tapping into Wevolver's thriving platform that engages millions of hardware and software engineers. This community-driven approach aligns with Siemens’ vision of supporting engineers throughout their entire research, development, and supply chain processes. Steve Flagg, CEO of Supplyframe, emphasizes that the partnership is about more than just expanding reach; it is about creating a robust design intelligence framework that can adapt to the fast-paced demands of the industry. By working together, Siemens and Wevolver aim to elevate the engineering process and establish a central hub for technology professionals seeking cutting-edge resources.
Bram Geenen, CEO of Wevolver, underscores the value of this collaboration in enhancing the global technology ecosystem. By integrating their resources, both companies can provide more significant benefits to the engineering community, which encompasses a wide array of disciplines, including semiconductors, robotics, and artificial intelligence. This acquisition not only positions Siemens as a key player in the realm of design-to-source intelligence but also marks a pivotal moment in its commitment to driving innovation and efficiency in product development.
In addition to the Wevolver acquisition, Siemens is making strides in the U.S. manufacturing sector. The company is set to invest $285 million to create nearly 1,000 skilled jobs, contributing to the broader initiative of bolstering America’s manufacturing base. This investment reflects Siemens’ commitment to innovation and workforce development in alignment with national economic goals.
Moreover, Siemens Healthineers has entered into a partnership with the Alzheimer's Drug Discovery Foundation to non-exclusively license the SpeechDx dataset. This collaboration aims to develop speech-based biomarkers for early detection of Alzheimer’s disease, showcasing Siemens’ dedication to leveraging data for advancements in healthcare diagnostics. The integration of this dataset into their research will potentially revolutionize the way Alzheimer’s is detected and monitored, further solidifying Siemens’ role as a leader in technological innovation across multiple sectors.