"PLM is back in," my fellow board member Karsten Theis wrote correctly in the editorial of the last newsletter. But a different kind of PLM that takes into account the challenges of interdisciplinary, model-based system development and the integration of E/E (electrical/electronic) and software development into classical, mechanics-oriented PLM processes. For us as one hundred percent PLM specialists, this means that we have to deal intensively with these challenges and build up additional know-how for E/E and software development.
A few months ago, we took an important step in this direction by acquiring a majority stake in Bartscher & Hasenäcker Consulting. Our new PROSTEP Company specializes in PLM consulting for electrical/electronic and software development and currently supports companies in the automotive and mechanical engineering industries in the design and implementation of corresponding solutions for mechatronic and E/E-dominant products. This will enable us to significantly expand our know-how in an area that is of central importance for the automotive industry, especially with regard to e-mobility and autonomous driving.
Bartscher & Hasenäcker Consulting was founded three years ago and will continue to operate as an independent brand on the market. Together we offer our customers a more comprehensive range of consulting and solutions and address demanding topics such as conception, requirements engineering, software quality assurance or application lifecycle management. We have already proven in joint projects that we can optimally support customers in their daily work with these topics.
We expect the new PROSTEP Company to strengthen our market position as a vendor-neutral PLM consulting and software house. Without know-how in the areas of E/E and software, we will not be able to maintain our claim to be the leading PLM think tank in the long term. The combination of our 25 years of experience in PLM consulting, system integration, migration and collaboration with the special know-how of Bartscher & Hasenäcker Consulting in E/E and software development enables us to support our customers even more comprehensively in digitizing their PLM processes.
In addition, the acquisition of Bartscher & Hasenäcker Consulting strengthens our position in pioneering research projects in Advanced Systems Engineering and in the verification and validation of autonomous driving, in which we intend to participate. We see these fields as a promising market for our PLM consulting and solutions offering, which we intend to develop into a strategic business area, not least with the support of our new colleagues. We will consistently expand our know-how in the areas of Model Based Systems Engineering (MBSE), E/E and software development, but also by hiring additional employees. In keeping with our guiding principle "How Integrate the Future", they can actively shape the future of PLM at PROSTEP.