Strategic alliance drives digital twin benefits

October 17th, 2018, Published in Articles: PositionIT

In the companies’ latest Alliance Board meeting, Bentley Systems and Siemens decided to further strengthen their strategic alliance. The two companies have decided to extend their existing agreement, to further develop their joint business cooperation and commercial initiatives. Therefore, the joint innovation investment programme will be increased from the initial €50-million funding to €100-million. In addition, as a result of the continuous investment of Siemens into secondary shares of Bentley’s common stock, the Siemens stake in Bentley Systems now exceeds 9%. According to Siemens’s Klaus Helmrich said that the company is now investing in the next collaboration level with Bentley, where for instance it will strengthen the company’s engineering and project management tools with Siemens enterprise wide collaboration platform Teamcenter to create a full digital twin for the engineering and construction world. Integrated company-wide data handling and IoT connectivity via MindSphere will enable their mutual customers to benefit from the holistic digital twins. In its joint investment activities with Siemens to date, Bentley Systems has progressed opportunities with virtually every Siemens business for going digital in infrastructure and industrial advancement. As their new jointly offered products and cloud services now come to market, the company is prioritising further digital co-ventures.

Contact Martiens Pelser, Bentley Systems, martiens.pelser@bentley.com

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