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Siemens and Bentley Systems raise investment fund to €100 million

Bentley Systems and Siemens have decided to further strengthen their strategic alliance and extend their existing agreement, increasing the joint innovation investment program 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: “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.”