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Siemens, Bentley Systems ink strategic alliance

DUBAI, November 10, 2016

Technology giant Siemens has formalised a strategic alliance with Bentley Systems to drive new business value by accelerating digitalisation to advance infrastructure project delivery and asset performance in complementary business areas.

A global leader in provision of software solutions for advancing the design, construction, and operations of infrastructure, Bentley Systems said the alliance will help realise new growth opportunities in industry and infrastructure through integration of complementary digital engineering models.

Siemens and Bentley Systems will initially invest at least €50 million ($56 million) in developing joint solutions to enlarge their respective offerings for infrastructure and industry to the benefit of the end-customers.

This work will uniquely 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, approximately €70 million ($78 million) of secondary shares of Bentley’s common stock have been acquired by Siemens, under a company programme that will continue until such time as Bentley Systems’ stock is publicly traded.

The duo has a track record of complementing its respective portfolios through the licensing of each other’s technology to provide solutions in the digital factory and process industries and drives divisions, where respective software offerings have already been integrated.

For example, Bentley’s reality modelling software has been integrated into Siemens Process Simulate to leverage laser-scanned point clouds in modeling the existing context of brownfield industrial environments.

The automotive industry manufacturer Turnkey Manufacturing Systems (TMS) successfully employed the innovative point cloud capabilities to create a “digital twin” of their production line to significantly enhance their planning and validation processes, while saving time and costs.

The new 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.

Klaus Helmrich, the member of the managing board of Siemens, said: "This move further extends our industry software ecosystem from 2D to 3D software solutions, taking the simulation portfolio in our Digital Enterprise offering to a new dimension."

"We are rigorously executing our ‘digital twin’ vision from virtual planning to the real product to the benefit of our customers who themselves are driving digitalization across their value chains. Bentley Systems’ independence, track record in interoperability and leadership in engineering- and design-software make them our ideal partner for this undertaking," he stated.

Siemens said it aalong with Bentley Systems has identified opportunities to work together in energy management, power generation, building technology and mobility where each company can leverage their respective technology and industry expertise to bring new business value to the market.

For example, Bentley’s applications for the 3D modeling and structural analysis of industrial and infrastructure assets complement Siemens’ solutions and unparalleled domain expertise in electrification and automation.

Bentley Systems CEO Greg Bentley said: "Only with Siemens could we so purposefully advance beyond merely linking the ‘Industrial Internet of Things’ to ultimately leverage digital engineering models for visual operations and connected infrastructure asset performance."

"Given our long history of sharing complementary technologies, we are very excited to now contribute so broadly to Siemens’ industrial digitalization leadership," he added.-TradeArabia News Service




Tags: Siemens | Alliance | Bentley Systems |

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