Supply chain data company Makersite announced today the acquisition of SiGREEN, Siemens’ product carbon footprint (PCF) and supply chain data exchange platform, aimed at expanding the company’s product carbon footprint and Scope 3 capabilities.

SiGREEN is a digital platform developed by Siemens to enable the collection, management and exchange of product carbon footprint data between companies and their suppliers globally. According to the companies, it is the only platform of its kind that natively connects three major industry frameworks for carbon data exchange: Together for Sustainability (TfS), Catena-X, and PACT, allowing consistent and compatible sharing of verified emissions data across supply chain partners.

Johannes Thul of SiGREEN said:

“This acquisition is a defining step towards cementing our industry leadership. It not only deepens our supplier data collection capabilities but will broadly accelerate data exchange across global supply chains. Our commitment is simple: continuity for existing users, and meaningfully expanded capability for what comes next.”

According to Makersite, the acquisition will strengthen the company’s ability to offer manufacturers a complete picture of a product’s environmental impact, from raw material to finished goods, combining its own tools for environmental analysis and compliance with SiGREEN’s real-world emissions data.

Founded in 2018, Stuttgart, Germany-based Makersite provides product lifecycle intelligence solutions aimed at enabling manufacturers to gain a deeper understanding of their supply chains, allowing them to make more informed and sustainable decisions throughout the product design process. The company’s AI-powered software creates a digital twin of manufactured products, enabling users to measure impacts and identify optimal mitigation strategies and new sourcing opportunities to develop more compliant, safer, cost-effective, and environmentally friendly products.

The transaction follows a €60 million (USD$70 million) financing raise last year by Makersite, with proceeds aimed at enhancing its platform to help manufacturers make greener, safer, and more affordable products.

Neil D’Souza, CEO of Makersite, said:

“SiGREEN has accomplished something that was genuinely hard to do. It has built a trusted, verified carbon data exchange at scale across global supply chains. That is exactly the foundation the industry needs, and it aligns perfectly with what Makersite is building.”