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In the companies’ latest Alliance Board meeting, Bentley Systems and Siemens decided to further strengthen their strategic alliance, which started in 2016. The two companies have decided to extend their existing agreement, to further develop their joint business cooperation and commercial initiatives. Therefore, the joint innovation investment program will be increased from the initial €50 million funding to €100 million. In addition, as a result of the continuous investment of Siemens into secondary shares of Bentley’s common stock, the Siemens stake in Bentley Systems now exceeds 9 percent.
This is the next level of collaboration between the two companies. Bentley’s engineering and project management tools will be strengthened with Siemens enterprise wide collaboration platform Teamcenter to create a full Digital Twin for the engineering and construction world. Integrated company-wide data handling and IoT connectivity via MindSphere will enable their mutual customers to benefit from the holistic Digital Twins. The companies have progressed worthwhile opportunities together for “going digital” in infrastructure and industrial advancement. As the new jointly offered products and cloud services now come to market, they are enthusiastically prioritizing further digital co-ventures.
Keywords: Siemens, Bentley Systems, Strategic Alliance, Joint Investment, Going Digital, Digital Twins, ARC Advisory Group