Latest news with #PLM
Business Standard
4 days ago
- Business
- Business Standard
L&T Technology Services inks pact with Tennant for sustainable product development
L&T Technology Services announced that it has signed a strategic agreement with Tennant Company, a global leader in industrial cleaning equipment, to accelerate the development of sustainable new products. As part of the collaboration, LTTS will establish a dedicated Offshore Development Center (ODC), equipped with a scalable engineering team to support Tennants initiatives in New Product Development (NPD), Product Lifecycle Management (PLM), and other core business functions. This strategic work between the two companies aims to accelerate the development of cutting-edge industrial cleaning technologies, leveraging LTTS' deep expertise in embedded systems, expertise in IoT (Internet of Things), and digital engineering to drive efficiency and sustainability. It also reflects LTTS' broader commitment to advancing its sustainability vision by fostering eco-friendly and energy-efficient engineering solutions that contribute to a greener future. The partnership aims to fast-track the development of cutting-edge industrial cleaning technologies, leveraging LTTSs strengths in embedded systems, IoT, and digital engineering to enhance efficiency and sustainability. It also aligns with LTTSs broader vision of promoting eco-friendly and energy-efficient engineering solutions, contributing to a greener future. The ODC will house a team of highly skilled engineers focused on enhancing Tennants product innovation, boosting operational performance, and integrating smart automation into its product lineup. The collaboration is expected to open new avenues for innovation in emerging markets, particularly in the Asia-Pacific region. Alind Saxena, executive director & president of mobility & tech at L&T Technology Services, stated, "As Tennant continues to redefine industrial cleaning through innovation and a strong commitment to a greener future, LTTS is proud to collaborate in advancing next-generation solutions in its Sustainability segment. By leveraging our expertise in engineering design, manufacturing, and supply chain optimization, we are committed to enabling intelligent, responsible products, enhancing efficiencies, and supporting Tennant's growth in emerging technologies to build a sustainable and responsible tomorrow." Pat Schottler, chief marketing & technology officer for Tennant Company, said, Working with LTTS enables us to harness world-class engineering capabilities and accelerate our product roadmap. Reinforcing a shared commitment to pioneering transformative solutions, the dedicated ODC will play a crucial role in driving new innovations that align with our mission to create a cleaner, safer, and healthier world. L&T Technology Services (LTTS) is a global leader in engineering and technology services. As a listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 8.7% to Rs 311.10 crore on a 17.5% rise in net sales to Rs 2,982.40 crore in Q4 FY25 over Q4 FY24. Shares of L&T Technology Services (LTTS) rose 0.48% to Rs 4,340.05 on the BSE.
Yahoo
5 days ago
- Business
- Yahoo
Nine Out of Ten Organizations Say Sustainability Efforts Drive Business Success
PLM Users Report Stronger Support for Sustainability and Compliance ANDOVER, Mass., June 03, 2025--(BUSINESS WIRE)--Aras, a leader in product lifecycle management (PLM) and digital thread solutions, today announced findings from its new research report, The Future of PLM and Digital Engineering, highlighting the growing connection between sustainability efforts and business performance. According to the study, 92% of organizations say successful sustainability programs are essential to business success – an increase from 87% in 2024. The report also shows that digital maturity, particularly through PLM solutions, plays a critical role in meeting compliance demands and accelerating sustainability initiatives. "Sustainability today is about aligning regulatory compliance with operational excellence," said Roque Martin, CEO of Aras. "Organizations that embed sustainable practices into their day-to-day operations are better positioned to adapt, compete, and grow – regardless of how the requirements evolve." PLM Users Outperform in Sustainability ReadinessThe research found that 88% of PLM users believe their systems adequately support sustainability compliance – compared to only 60% of non-PLM users. These organizations are more capable of tracking product data, collaborating with suppliers, and addressing increasingly complex regulations such as the EU's Corporate Sustainability Reporting Directive (CSRD) and the Digital Product Passport. Digitally mature companies are also leading in technology adoption. Among PLM users, 87% are leveraging AI for product development – substantially higher than the 59% adoption rate among non-users. The findings reinforce that PLM has evolved beyond its engineering roots to serve as a strategic foundation for digital transformation. Data issues are holding companies backDespite this progress, many organizations still face challenges in operationalizing sustainability goals. Only 37% said their compliance initiatives are "well supported," and 18% acknowledged that their systems are inadequate. Challenges include missing or poor-quality data, disconnected tools, and lack of oversight. These aren't just technical hurdles – they represent real business risks. Without trusted data, organizations struggle to make informed decisions or future-proof their operations. With regulatory demands only increasing, now is the time for businesses to act. The research urges organizations to modernize their systems and strengthen their data foundations to stay ahead and build a lasting competitive edge. About the 2025 Global Industry Survey"The Future of Product Lifecycle Management and Digital Engineering" is a January 2025 survey based on insights from 656 executives in Europe, the US, and Japan. It examines how leading automotive, aerospace, and machinery manufacturers (revenues >$40M) are addressing AI adoption, digital thread integration, and regulatory compliance. Download the full report here. About ArasAras is a leading provider of product lifecycle management and digital thread solutions. Its technology enables the rapid delivery of flexible solutions built on a powerful digital thread backbone and a low-code development platform. Aras' platform and product lifecycle management applications connect users in all disciplines and functions to critical product data and processes across the lifecycle and throughout the extended supply chain. Visit to learn more and follow us on YouTube, X, Facebook, and LinkedIn. Copyright © 2025 by Aras Corporation and/or its affiliates. All rights reserved. Aras and Aras Innovator are registered trademarks of Aras Corporation in the United States and other countries. Third party trademarks mentioned are the property of their respective owners. View source version on Contacts Media: Jeff DrewGuyer Group for ArasP: 617.233.5109E: aras@
Yahoo
24-04-2025
- Business
- Yahoo
Dassault Systèmes and Airbus Extend Strategic Partnership to Use Virtual Twins for Next-Generation Programs
Dassault Systèmes' 3DEXPERIENCE platform will be used across Airbus, company-wide, for all future generations of civil and military aircraft and helicopters More than 20,000 users from every business area and the value chain will collaborate and use Dassault Systèmes' virtual twins to improve efficiency, shorten development cycles and reduce costs This is a key milestone in the digital transformation of Airbus' ways of working and the preparation of the next generation of aerospace products VELIZY-VILLACOUBLAY, France, April 24, 2025--(BUSINESS WIRE)--Dassault Systèmes (Euronext Paris: FR0014003TT8, and Airbus have extended their long-term strategic partnership, putting the 3DEXPERIENCE platform at the heart of lifecycle management of all new Airbus programs for civil and military aircraft and helicopters. This deployment will support the entire development chain for all Airbus civil and military aircraft and helicopters. More than 20,000 users from every business area, as well as Airbus suppliers, will be able to collaborate more effectively and use virtual twins - on premise or on a sovereign cloud - to shorten development cycles, anticipate and improve production efficiency, and enhance aftersales support - all while reducing costs. "Digitalization is a key enabler that we are leveraging to support our core priorities, whether it is ramping up the production of our commercial aircraft, preparing the next generation of platforms that will further contribute to the decarbonization of our sector, or pioneering the defense and security solutions of tomorrow," said Guillaume Faury, CEO, Airbus. "This renewed partnership with Dassault Systèmes will play an important role in accelerating our progress towards these goals, while ensuring the highest levels of quality, safety and security throughout the lifecycle of our products and solutions, from design to in-service operations." "Our long history of collaboration with Airbus embarks on its next chapter, enabling the entire enterprise and its value chain to innovate globally, efficiently and virtually for decades to come. Airbus can take full advantage of AI-powered generative experiences, and scientific advances in material science, modeling, simulation, production and operation systems efficiency with our 3DEXPERIENCE platform. This will open new possibilities to imagine, create and produce the experiences that will define the future of the aerospace industry," said Bernard Charlès, Executive Chairman, Dassault Systèmes. Dassault Systèmes will provide Airbus with seven industry solution experiences based on the 3DEXPERIENCE platform: "Program Excellence," "Winning Concept," "Co-Design to Target," "Cleared to Operate," "Ready for Rate," "Build to Operate," and "Keep Them Operating."1 FOR MORE INFORMATION Dassault Systèmes' 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: Connect with Dassault Systèmes onFacebook LinkedIn YouTube ABOUT DASSAULT SYSTÈMES Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes' 3DEXPERIENCE platform, 370,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit: 1 The agreement between Dassault Systèmes and Airbus was signed in Q4 2024. View source version on Contacts Dassault Systèmes Press ContactsCorporate / France Arnaud MALHERBE +33 (0)1 61 62 87 73North America Natasha LEVANTI +1 (508) 449 8097EMEA Virginie BLINDENBERG +33 (0) 1 61 62 84 21China Grace MU +86 10 6536 2288Japan Reina YAMAGUCHI +81 90 9325 2545Korea Jeemin JEONG +82 2 3271 6653India Priyanka PANDEY +91 9886302179
Yahoo
02-04-2025
- Business
- Yahoo
PTC Strengthens ALM and Systems Engineering Focus with Acquisition of IncQuery Group
BOSTON, April 2, 2025 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced the acquisition of IncQuery Group. IncQuery Group offers application lifecycle management (ALM) and systems engineering development and consultancy services to global manufacturers and product companies. IncQuery Group helps simplify the product development process by connecting hardware and software engineering systems and enables better collaboration across development teams and more efficient management of product data. The acquisition further expands PTC's deep expertise in ALM, systems engineering, and product lifecycle management (PLM) and support for customers in these areas. "A top priority for our customers is transforming their engineering and product development processes to develop their products faster with higher quality, all while meeting regulatory and sustainability requirements," said Neil Barua, President and CEO of PTC. "The acquisition of IncQuery Group strengthens our focus on engineering and product development and adds expertise to help accelerate our ALM and PLM portfolio integrations and better support our customers. We welcome the IncQuery Group team to PTC and look forward to their contributions." "IncQuery Group shares PTC's commitment to transforming digital engineering and product development processes, and we're thrilled to join the team," said István Ráth, Chairman of the Executive Board of IncQuery Group, and Ákos Horváth, Chief Technology Officer of IncQuery Group. "This is an opportunity to support even more of the world's leading manufacturers and product companies with our systems engineering and ALM expertise, as well as help enhance PTC's leading engineering and product development portfolio." The acquisition continues PTC's momentum in ALM, following the release of its Codebeamer® 3.0 ALM solution and the ongoing development of its Codebeamer AI offering. About PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit Forward-Looking Statements This news release contains statements about future events and expectations, including the effect of the acquisition on our ALM and PLM portfolio development and integrations, the expected value of the acquisition to our business, and continued enhancement and support for our ALM suite. These statements are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected, including that we may be unable to accelerate our ALM and PLM portfolio integrations or to address customer and product priorities when or as we expect; we may be unable to retain the IncQuery Group employees as we expect, which could disrupt the IncQuery Group business and our ability to successfully integrate and operate the IncQuery Group business; customers may not adopt our ALM solutions as we expect; and other risks and uncertainties described in PTC's filings with the U.S. Securities and Exchange Commission. Media Greg Paynegpayne@ Investors Matt Shimaomshimao@ PTC, IncQuery Group, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries. View original content to download multimedia: SOURCE PTC Inc.
