Companies agree to strategic alliance for improving digitalization
Siemens and Bentley Systems announced that they have formalized a strategic alliance agreement and will invest at least 50 million Euros developing joint solutions to enlarge their respective offerings for infrastructure and industry.
Bentley Systems and Siemens have formalized a strategic alliance agreement designed to accelerate digitalization to advance infrastructure project delivery and asset performance in complementary business areas. Siemens and Bentley Systems will invest at least 50 million Euros developing joint solutions to enlarge their respective offerings for infrastructure and industry to the benefit of the end-customers.
This work will leverage new cloud services for a connected data environment to converge respective digital engineering models from both companies. In addition to those elements of the agreement, 70 million Euros of secondary shares of Bentley’s common stock have been acquired by Siemens, under a company program that will continue until such time as Bentley Systems’ stock is publicly traded.
The investment initiatives will involve virtually all Siemens divisions. The major benefit will be accumulating intelligence from Siemens solutions throughout Bentley’s complementary applications for design modeling, analytical modeling, construction modeling and asset performance modeling. As a result, the integrated and accessible digital engineering models, such as the “digital twin” viewed through an immersive 3-D interface, will enable unprecedented operational performance, visibility and reliability.
This work will converge digital engineering models: physical engineering models in their 3-D physical reality context by way of Bentley’s software solutions and the corresponding functional engineering 2-D models within Siemens’ solutions. Siemens and Bentley Systems have identified opportunities to work together in fields such as energy management, power generation, building technology, and mobility.
– Edited from a joint Bentley Systems and Siemens press release by CFE Media.