# Siemens and Bentley Systems form strategic alliance with joint investment

Siemens and Bentley Systems formalized a strategic alliance to develop joint digital engineering solutions for infrastructure and industry. They will invest at least €50 million in joint solutions, and Siemens acquired approximately €70 million of secondary shares of Bentley's common stock.

- Type: Partnership
- Announced: 2016-11-10
- Value: $55.0M (50.0M EUR)
- Status: announced
- Products: digital engineering models, cloud services for connected data environment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (partner)
- [Bentley Systems](https://endata.com/companies/16341.md) (partner)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-and-bentley-systems-advance-strategic-alliance-including-joint-investment), 2016-11-10: "Siemens and Bentley Systems will initially invest at least Euro 50 million in developing joint solutions to enlarge their respective offerings for infrastructure and industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.