PTC and Volvo Group Announce Digital Engineering Collaboration
PR91938
BOSTON, Sept. 27, 2021 /PRNewswire=KYODO JBN/ --
- Building on Years-Long Collaboration with PTC, Volvo Group to Expand Use of
PTC Technologies.
- Volvo Group's Use of PTC Technologies to Establish a Digital Thread of
Connected Data to Drive Productivity Across All Levels of the Organization.
PTC (NASDAQ: PTC) (
) and the Volvo Group (
) today announced plans to further increase collaboration around digital
engineering. Volvo Group has decided to unify its CAD platforms, which
positions PTC's products to serve as the primary CAD and PLM solutions used in
the Volvo Group (
) for complete vehicle design.
Logo - https://mma.prnewswire.com/media/1313772/ptc_Logo.jpg
This world-class solution, which will leverage the full capabilities of PTC's
Windchill(R) (
) product lifecycle management (PLM) software and Creo(R) (
) computer-aided design (CAD) software, is designed to promote collaboration
across Volvo Group's PLM and CAD functions and significantly increase the reuse
of digital product data across the Volvo Group.
Volvo Group, which offers trucks, buses, construction equipment, and power
solutions for marine and industrial applications, embarked on a strategy to
transform its IT architecture by consolidating PLM and CAD platforms to enable
better leverage of product data across the value chain.
"Using one PLM and CAD platform will act as a key enabler in our digital
engineering transformation," said Lars Stenqvist, CTO at Volvo Group.
"Leveraging this foundation, we see great possibilities in connecting PTC's IOT
and AR solutions into our digital thread strategy."
In addition to transforming its product innovation process, Volvo Group seeks
to shape the transportation industry's future with technology and systems
solutions that are safer, cleaner, and more efficient.
"By aligning with PTC around the CAD platform, we will work together to create
a world-class capability that we expect will be a competitive advantage for
years to come as we pursue the future landscape of sustainable transport and
infrastructure at Volvo," said Stenqvist.
"By working together on a common vision, we have driven important improvements
to the PTC product suite, and important improvements in enabling Volvo Group to
bring great products to market," said Jim Heppelmann, President & CEO, PTC. "We
are pleased to be a partner of choice for Volvo Group across its product
development teams. The digital engineering approach that we will achieve
together will serve as an example to companies around the globe."
About Volvo Group
The Volvo Group drives prosperity through transport and infrastructure
solutions, offering trucks, buses, construction equipment, power solutions for
marine and industrial applications, financing and services that increase our
customers' uptime and productivity. Founded in 1927, the Volvo Group is
committed to shaping the future landscape of sustainable transport and
infrastructure solutions. The Volvo Group is headquartered in Gothenburg,
Sweden, employs almost 100.000 people and serves customers in more than 190
markets. In 2020, net sales amounted to about SEK 338 billion (EUR 33.6
billion). Volvo shares are listed on Nasdaq Stockholm.
About PTC (NASDAQ: PTC)
PTC enables global manufacturers to realize double-digit impact with software
solutions that enable them to accelerate product and service innovation,
improve operational efficiency, and increase workforce productivity. In
combination with an extensive partner network, PTC provides customers
flexibility in how its technology can be deployed to drive digital
transformation – on premises, in the cloud, or via its pure SaaS platform. At
PTC, we don't just imagine a better world, we enable it.
PTC.com (
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)
@PTC (
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)
Blogs (
)
Media Contacts
Volvo Group
Asa Alstrom
Head of Strategic Communications
Volvo Construction Equipment
asa.alstrom@volvo.com
PTC
Corporate Communications
Gabrielle Farrell
gfarrell@ptc.com
PTC, Creo, Windchill, and the PTC logo are registered trademarks of PTC Inc.
and/or its subsidiaries in the United States and other countries.
SOURCE PTC Inc.
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