Siemens To Consolidate the Alliance with Bentley Systems

  Enquire / contact me

The successful strategic with Bentley Systems, started in 2016, will be further expanded to strengthen their joint business cooperation and investment initiatives

Industry 4.0

Siemens To Consolidate the Alliance with Bentley Systems
Siemens To Consolidate the Alliance with Bentley Systems

Siemens and Bentley Systems decided to further strengthen their strategic alliance during their latest Alliance Board meeting. The two companies will extend their existing agreement, to develop their joint business cooperation and commercial initiatives. The initial 50 million euros investment program will therefore be doubled and taken to 100 million euros. In addition, the Siemens stake in Bentley Systems now exceeds 9%, as a result of the continuous investment of Siemens into secondary shares of Bentley's common stock.

Strategic alliance

Klaus Helmrich, member of the Managing Board of Siemens AG, declared: "I'm very pleased with how strong our alliance started. Now we are investing in the next collaboration level with Bentley, where for instance we will strengthen their engineering and project management tools with Siemens enterprise wide collaboration platform Teamcenter to create a full Digital Twin for the engineering and construction world."

He added: "Integrated company-wide data handling and IoT connectivity via MindSphere will enable our mutual customers to benefit from the holistic Digital Twins."

Going digital

Greg Bentley, Bentley Systems CEO, said: "In our joint investment activities with Siemens to date, we have progressed worthwhile opportunities together with virtually every Siemens business for 'going digital' in infrastructure and industrial advancement. As our new jointly offered products and cloud services now come to market, we are enthusiastically prioritizing further digital co-ventures. We have also welcomed Siemens' recurring purchases of non-voting Bentley Systems stock on the NASDAQ Private Market, which we facilitate in order to enhance liquidity, primarily for our retiring colleagues."

Posted on August 29, 2018 - (166 views)
Related articles
Smart Steam Boiler Technology
Simple smart solutions to solve smart demands
Integrated Plant Performance Management
More Productivity and Fewer Failures
The Digital Maintenance Manager: an Efficient Tool
Programmable Gateway ME43 and Universal I/O Module ME44
Siemens and Evonik Announced their Technology Partnership
Continental Won Eight Prizes at the German Innovation Award
Omron and Cisco Collaborate on the Enhancement of IoT Security
Nanotron Will Showcase its Location-Aware Products at Geo IoT World 2018
Combined Energy System
Get New Technology First at Hannover Messe
e-Factory: The Journey to Industry 4.0
e-F@ctory Flexible Framework
Low Power Pressure Sensor for IoT
SIMATIC S7-400 Automation Systems