Siemens and Bentley Systems have formed an alliance to accelerate the digitalization of infrastructure projects and asset management.
Siemens, an engineering power and technology manufacturer, and Bentley, a software developer and provider, will initially invest Euro 50 million in developing joint solutions. They say they will leverage new cloud services to converge their respective digital engineering models.
In addition, Siemens has acquired approximately Euro 70 million of secondary shares of Bentley’s common stock.
The two companies have a track record of integrating their technologies in the manufacturing, process and drives divisions, but this agreement will involve virtually all Siemens divisions. The main benefits, they say, “will be accumulating intelligence from Siemens solutions throughout Bentley’s complementary applications for design modeling, analytical modeling, construction modeling and asset performance modeling.”
They say they will “uniquely converge digital engineering models: physical engineering models in their 3D physical reality context by way of Bentley’s software solutions and the corresponding functional engineering 2D models within Siemens’ solutions.”
They say the cooperation will extend their commitments to openness and interoperability.
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