Schaeffler signs MoU with technology company PTC

Automotive and industrial supplier Schaeffler and technology company PTC, headquartered in Boston, USA, signed a memorandum of understanding (MoU) to work on an integrated, agile, and end-to-end IT landscape for developers.

“The partnership with PTC is yet another milestone in our digitalization strategy within Roadmap 2025,” says Uwe Wagner, Chief Technology Officer, Schaeffler AG. “For Schaeffler, seamless data models, 3D data, and digital twins are already elementary components of the research and development process. Increasing complexity calls for consistent IT solutions across all development areas to realize greater innovation, agility, and efficiency gains. In order to achieve this, it is crucial for Schaeffler to work together with strong partners, such as PTC.”

PTC has been providing software solutions, which help companies expedite product and service innovations, improve operational efficiency, and increase workforce efficiency, since 1985.

Working in conjunction with PTC, Schaeffler will consolidate its engineering IT environment to enable an efficient response to rapidly changing requirements. The aim is to achieve company-wide integration of the software and system development solutions involved (application lifecycle management and model-based systems engineering), which will also improve the mapping of complex requirements governing systems engineering, such as compliance with various country-specific security regulations.