Scrapping old machine with new, what happens to licences?

After four uneventful and productive years with no need for support, my PC has reached the end of its useful life. My PC provider has offered to "clone" all content on to my new, nearly identical machine, where all capacities are doubled. Can I expect my current installations and licences for Studio 2021 and 2019 to work on the new machine, or must I do something?

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