Bentley Systems enters into agreement to acquire Seequent for $1.05bn ...United Arab Emirates

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Bentley Systems has announced that it has entered into a definitive agreement with investors led by Accel-KKR to acquire Seequent. The firm is said to specialise in software for geological and geophysical modeling, geotechnical stability and cloud services for geodata management, visibility, and collaboration. The deal is said to be for $900m in cash, subject to adjustment, plus 3,141,361 BSY Class B shares. The acquisition is expected to deepen the potential of infrastructure digital twins to help understand and mitigate environmental risks, advancing resilience and sustainability, Bentley said in its statement. The firm noted that the acquisition is subject to customary closing conditions

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Last updated : 14 March 2021 clock 12:15 PM

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Bentley Systems enters into agreement to acquire Seequent for $1.05bn ...United Arab Emirates

Ms. Reba Jean Reynolds

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