Bentley Systems Acquires Seequent
June 21, 2021
Bentley Systems completed the acquisition of Seequent Holdings Limited for approximately $900 million in cash plus 3,141,342 BSY Class B shares, adding Seequent's 3D geological modelling and cloud geodata capabilities to Bentley's infrastructure engineering software portfolio. The deal was a purchase of the majority stake previously held by Accel-KKR and is intended to expand Bentley's subsurface and geoscience capabilities across infrastructure, energy, and natural resources markets.
- Buyers
- Bentley Systems, Incorporated
- Targets
- Seequent Holdings Limited
- Sellers
- Accel-KKR
- Industry
- Software
- Location
- New Zealand
- Transaction Type
- Buyout
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