Siemens and Bentley Systems formalise strategic alliance
Siemens and Bentley Systems have formalised a strategic alliance agreement to drive new business value by accelerating digitalisation to advance infrastructure project delivery and asset performance in complementary business areas.
The two companies have agreed to invest over 50 million euros in the development of joint solutions to enlarge their respective offerings for infrastructure and industry. This work will make use of new cloud services for a connected data environment to converge respective digital engineering models from both companies. In addition approximately 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 new investment initiatives will involve virtually most Siemens divisions to accumulate 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 3D interface, will, according to Siemens, enable unprecedented operational performance, visibility and reliability.>
Source: Control Engineering Europe - All Articles