Germany/USA: Technology Siemens, Bentley Enhance their Alliance and Collaborate to Offer New Digital Solutions
Both the firms have decided to further develop their joint business cooperation and commercial initiatives. In this background, Siemens’ Teamcenter together with Bentley’s Connected Data Environment is expected to increase plant productivity, accelerate delivery and reduce costs.
Munich/Germany – In the companies’ latest Alliance Board meeting, Bentley Systems and Siemens decided to further strengthen their strategic alliance. 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 programme will be increased from the initial 58 million dollar funding to 117 million dollars. 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 %.
Siemens PLM Software along with Bentley Systems has also announced its intention to deliver capital projects more efficiently, combining the Teamcenter portfolio with Bentley’s Project Wise and its Connected Data Environment (CDE). Teamcenter is the world’s most widely used product lifecycle management (PLM) system, and Project Wise is the project delivery collaboration platform for 43 of Engineering News Record’s global Top 50 Design Firms.
The new offering continues Siemens’ and Bentley’s strategic alliance, and will uniquely extend enterprise visibility across programme management of capital project engineering and construction.
The leading capabilities for systems engineering and requirements management within Teamcenter, and lifecycle simulation of engineered components, are now complemented by Bentley’s CDE to take advantage of a project digital twin. Project digital twins automate digital alignment and change synchronisation across the project supply chain, enabling continuous and comprehensive status reviews.
Digitalising a plant from the beginning of a project enables the aggregation and dissemination of data in a scalable and manageable fashion. By connecting digital twins with a consistent digital thread, companies can reduce project delivery costs and avoid cost overruns, and can improve operational margins by increasing plant productivity and reducing operational overhead. Enterprises can now achieve consistent digital workflows that span project economics, programme management, and project controls to speed up capital project delivery, reduce cost overruns, and improve fit-for-purpose project outcomes.