Siemens & Bentley Systems further strengthen alliance

Siemens and Bentley Systems have agreed to further strengthen their strategic alliance and joint investment initiatives, increasing the joint innovation investment programme from €50 million to €100 million.

Additionally, as a result of continuous investment by Siemens into secondary shares of Bentley’s common stock, the company’s stake in Bentley Systems now exceeds 9%.

“I'm very pleased with how strong our alliance started. Now we are investing in the next collaboration level with Bentley, where for instance we will strengthen their engineering and project management tools with Siemens enterprise wide collaboration platform Teamcenter to create a full Digital Twin for the engineering and construction world,” explained Klaus Helmrich, member of the Managing Board of Siemens. “Integrated company-wide data handling and IoT connectivity via MindSphere will enable our mutual customers to benefit from the holistic Digital Twins.”

“In our joint investment activities with Siemens to date, we have progressed worthwhile opportunities together with virtually every Siemens business for ‘going digital’ in infrastructure and industrial advancement,” added Greg Bentley, Bentley Systems CEO. “As our new jointly offered products and cloud services now come to market, we are enthusiastically prioritizing further digital co-ventures. We have also welcomed Siemens’ recurring purchases of non-voting Bentley Systems stock on the NASDAQ Private Market, which we facilitate in order to enhance liquidity, primarily for our retiring colleagues.”