PTC and Schaeffler Form Strategic Alliance

PTC and global automotive and industrial supplier Schaeffler have formed a new alliance that will see Schaeffler standardize on PTC solutions to deploy an integrated, end-to-end IT landscape. Schaeffler will also inform PTC's efforts to develop market-specific standard solutions to meet the needs of automotive and industrial companies.

The new alliance will build on the 20-year relationship based on Schaeffler's use of PTC's CAD and PLM solutions. These tools are designed for the introduction and development of Schaeffler's initiatives for digital twins and for visualization of 3D models, for example those used for augmented reality projects.

Schaeffler plans to leverage PTC's experience and solutions to move from a customized engineering IT environment to using standard applications across the enterprise. This will enable prompt responses to changing requirements in a dynamic environment.

The alliance will focus on the optimization of existing environment, as well as its expansion with projects such as Schaeffler's Enterprise Traceability or Model-Based Enterprise and deeper integration of software development tools. The goal is company-wide integration of software and system development solutions (Application Lifecycle Management and Model-Based Systems Engineering). This also enables improvement in the mapping of systems engineering requirements.

“The alliance with PTC is yet another milestone in our digitization strategy within Roadmap 2025,” says Uwe Wagner, chief technology officer at Schaeffler AG. “End-to-end data models, 3D data, and digital twins are already elementary components of the research and development process for Schaeffler today. The increasing complexity requires consistent IT solutions in all development areas for more innovation, agility, and efficiency.”

“Through our work with Schaeffler, we aim to advance and further develop market-specific digital transformation solutions,” says Jim Heppelmann, President and CEO, PTC.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

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