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. Siemens and Bentley Systems will initially invest at least Â€50 million in developing joint solutions to enlarge their respective offerings for infrastructure and industry to the benefit of the end-customers. This work will 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 Â€70 million of secondary shares of BentleyÂ’s common stock have been acquired by Siemens, under a company program that will continue until such time as Bentley SystemsÂ’ stock is publicly traded.
Siemens and Bentley Systems have a track record of complementing their respective portfolios through the licensing of each otherÂ’s technology to provide solutions in the Digital Factory and Process Industries & Drives divisions, where respective software offerings have already been integrated. For example, BentleyÂ’s reality modelling software has been integrated into Siemens Process Simulate to leverage laser-scanned point clouds in modelling 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 Â“digital twinÂ” of their production line to significantly enhance their planning and validation processes, while saving time and costs.