Strategic alliance and joint investment initiatives

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%.

“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. Inte­grat­ed com­pa­ny-wide data han­dling and IoT con­nec­tiv­i­ty via Mind­Sphere will enable our mutu­al cus­tomers to ben­e­fit from the holis­tic Dig­i­tal Twins.”
Klaus Helm­rich, mem­ber of the Man­ag­ing Board of Siemens AG
“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.”
Greg Bent­ley, Bent­ley Sys­tems CEO