Developing digitalization using standards from plant design engineering through the entire production process and extending to the supply chain remains core to my interests. My past work with MIMOSA pointed to this. Siemens strategic moves are fascinating in this regard.
I started this post just when my project sucked all of my energy and then I went to IMTS. This is significant. Especially competitively. I see Rockwell Automation doing nothing like this—only the investment with PTC gaining a seat on the board and a connection to ThingWorx and Kepware within the company. Meanwhile I just interviewed Gary Freburger and Peter Martin from Schneider Electric process business, and they talked some about the integration with AVEVA along these same lines.
Siemens and Bentley Systems Announcement
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 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%.
Klaus Helmrich, member of the Managing Board of Siemens AG, said: “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.”
He added: “Integrated company-wide data handling and IoT connectivity via MindSphere will enable our mutual customers to benefit from the holistic Digital Twins.”
Greg Bentley, Bentley Systems CEO, said: “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. 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.”