Siemens and IFS partner to bridge factory design and operations with industrial AI

Siemens and IFS announce industrial AI partnership By Investing.com

PLANO, Texas - Siemens and IFS announced a strategic partnership today aimed at connecting engineering intelligence with operational data for manufacturers using industrial AI technology. The collaboration combines Siemens' capabilities in industrial AI, engineering, automation and manufacturing execution with IFS's enterprise asset management and field service systems. The partnership seeks to address disconnections between factory design and actual operations, according to a press release statement. The companies plan to integrate Siemens' digital twin technology, which provides engineering, simulation and manufacturing context, with IFS's service history and asset performance data. The goal is to create a system that connects design, simulation, service records and factory execution data. "Industrial AI only delivers value when it is grounded in both engineering intent and real-world performance," said Tony Hemmelgarn, president and chief executive officer of Siemens Digital Industries Software. "Together with IFS, we are bringing these domains together by connecting design, manufacturing and asset lifecycle data in a secure, contextualized data fabric." Mark Moffat, chief executive officer of IFS, said the partnership combines capabilities from both companies. "By combining our collective strengths in Industrial AI, we can help manufacturers close the loop between design and reality, and unlock real, measurable performance gains," Moffat stated. Siemens Digital Industries Software operates as part of the Siemens Xcelerator business platform. Siemens AG reported revenue of €78.9 billion and net income of €10.4 billion in fiscal 2025, which ended September 30, 2025. The company employed approximately 318,000 people as of that date. With a market capitalization of $43.6 billion and trading at a P/E ratio of 18.2, InvestingPro analysis indicates Siemens is currently undervalued relative to its Fair Value, placing it among opportunities on the platform's most undervalued stocks list. The company maintains a strong free cash flow yield of 6% and an overall financial health score rated as "GOOD." IFS describes itself as a provider of industrial AI software for businesses in manufacturing, asset maintenance and service operations. The company has over 7,000 employees in 80 countries. In other recent news, Siemens has entered into a strategic partnership with Xometry, a global marketplace for custom manufacturing. As part of this collaboration, Siemens will integrate Xometry's manufacturability, pricing, and sourcing capabilities into its Xcelerator platform. Additionally, Siemens will make a minority investment of approximately $50 million in Xometry through newly issued Class A common stock. In related developments, Siemens Healthineers announced that its Atellica IM Testosterone II assay has maintained its certification through the Centers for Disease Control and Prevention Hormone Standardization Program for Total Testosterone. This certification confirms the assay's test results are equivalent to high-performance liquid chromatography coupled with tandem mass spectrometry. The Atellica IM TSTII assay is the only fully automated immunoassay to achieve and maintain this certification since 2019. An evaluation of the assay's performance has been published in The Journal of Clinical Endocrinology & Metabolism. These recent developments highlight Siemens' ongoing efforts in strategic partnerships and maintaining high standards in its healthcare solutions. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Siemens AG And IFS AB Partner To Close The Loop Across The Product Lifecycle With Industrial AI

Siemens AG announced that it has entered into a strategic partnership with IFS AB to help manufacturers connect engineering intelligence with operational reality - increasing the value of their products and optimizing their production assets across the entire product lifecycle with industrial AI. The collaboration brings together Siemens' leadership in industrial AI, engineering, automation and manufacturing execution and IFS's strengths in industrial AI, enterprise asset management and field service domains. Together, the two companies aim to help manufacturers close a persistent gap: the disconnect between how factory operations are designed and how they run in reality, where unplanned downtime, disconnected maintenance schedules, siloed production data and supply chain disruption continue to erode throughput, agility, and margin. Industrial AI is central to the partnership's ambition. Siemens and IFS share the belief that the next era of industrial performance will be defined by bringing the physical and digital worlds together to help manufacturers translate design intent into operational reality and connect that operational reality back into better design to accelerate innovation. Siemens' comprehensive Digital Twin brings the engineering, simulation and manufacturing context while IFS brings the service history, asset behavior and operational lifecycle data that show how those products and assets perform in the real world. Together, they plan to create a closed loop Digital Twin grounded in both design intent and field performance that is secure, governed and auditable across design, simulation, service records, factory execution and can be trusted to deploy at industrial scale. Unlike generic AI models, industrial environments demand accuracy, reliability, regulatory compliance and adaptability to drive optimization and agility, as even small error rates are unacceptable when decisions affect safety, compliance and costly physical assets. The partners' shared approach to industrial AI is built for this reality.