Bentley Systems Acquires Seequent

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.