• New combined offering leverages Teamcenter and Bentley’s Connected Data Environment to
increase plant productivity, accelerate delivery and reduce costs
• End-to-end digital innovation strategy creates comprehensive and precise digital twins of
the process and physical plant to manage complexity and simulate the performance of
intelligent plants
Siemens PLM Software announced today, with Bentley Systems, an integrated solution for enterprises to deliver capital projects more efficiently, combining the Teamcenter® portfolio with Bentley’s ProjectWise and its Connected Data Environment (CDE). Teamcenter is the world’s most widely used product lifecycle management (PLM) system, and ProjectWise 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 that was announced in 2016, and will uniquely extend enterprise visibility across program management of capital project engineering and construction.
“In going digital, the work of engineers and constructors is increasingly about the digital context and digital components around, and within, their infrastructure projects,” said Greg Bentley, CEO of Bentley Systems. “As we industrialize project delivery, it is exciting for us to be working with Siemens to extend the reach of our CDE’s digital workflows beyond individual capital projects. With the Teamcenter PLM integration, the connections of project digital twins can now both expand into their enterprise context, and drill down into their manufactured components—advancing infrastructure through digital DNA!”
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 synchronization across the project supply chain, enabling continuous and comprehensive status reviews. Digitalizing 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, program management, and project controls to speed up capital project delivery, reduce cost overruns, and improve fit-for-purpose project outcomes.
In the energy and utility industries, for instance, given current energy forecasts, companies need to work more efficiently and cost-effectively when implementing capital improvement projects. Traditionally these extremely complex and expensive projects have many groups, beyond engineering and construction, working independently to drive the project forward. Extending Teamcenter through project delivery, the CDE enables visibility along digital threads of connected 2D and 3D models, dynamically managed to reflect project status. This allows for the continuous assimilation of design and engineering data, to be visually and analytically accessible as appropriate by team members across the wider enterprise and supply chain. Incorporating capital project engineering and construction models in this integrated way enables diverse simulations throughout the project management process to anticipate real-world issues, and more informed decision-making by virtue of real-time understanding of the impact of any design change. The solution will be available to the market beginning in early 2019.
“Owner/operators and engineering, procurement and construction (EPC) firms in the industry need to lower costs and deliver projects more efficiently, and this new digital solution facilitates data-driven business processes for the optimization of projects and the plant,” said Tony Hemmelgarn, CEO of Siemens PLM Software. “Powered by the digital twin, this solution allows engineering data to flow between capital project stakeholders, and will support a broad set of industry use cases.”
Contact for journalists
For Siemens PLM Software
Ms. Natalie Navales
Phone: +1 314 264 8671; E-mail: natalie.navales@siemens.com
For Bentley Systems
Ms. Jennifer Maguire, Director of Corporate Communications
E-mail: Jennifer.maguire@bentley.com
Siemens PLM Software, a business unit of the Siemens Digital Factory Division, is a leading global provider of software solutions to drive the digital transformation of industry, creating new opportunities for manufacturers to realize innovation. With headquarters in Plano, Texas, and over 140,000 customers worldwide, Siemens PLM Software works with companies of all sizes to transform the way ideas come to life, the way products are realized, and the way products and assets in operation are used and understood. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.
• Successful strategic alliance with Bentley Systems, which started in 2016, to be further
expanded
• Joint investment initiative extended by an additional €50 million, totaling €100 million
• Ambition to further accelerate joint business
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.”
Contact for journalists
For Siemens AG:
Mr. Yashar Azad
Phone: +49 89 636 37970; E-mail: yashar.azad@siemens.com
Follow us on Twitter: @siemens_press
For Bentley Systems:
Ms. Jennifer Maguire
E-mail: jennifer.maguire@bentley.com
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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