Bentley Systems Completes Acquisition of Seequent, Global Leader in 3D Modeling Software for the Geosciences
June 17 2021 - 4:05PM
Business Wire
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure
engineering software company, today announced the completion of its
acquisition of Seequent Holdings Limited, for approximately $900
million in cash (for a debt free business and subject to final
working capital adjustments) plus 3,141,342 BSY Class B shares.
When announcing its second quarter 2021 operating results
(scheduled for August 10, 2021) Bentley Systems will update its
full‑year 2021 financial outlook, reflecting the inclusion of
Seequent.
About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering
software company. We provide innovative software to advance the
world’s infrastructure – sustaining both the global economy and
environment. Our industry‑leading software solutions are used by
professionals, and organizations of every size, for the design,
construction, and operations of roads and bridges, rail and
transit, water and wastewater, public works and utilities,
buildings and campuses, and industrial facilities. Our offerings
include MicroStation‑based applications for modeling and
simulation, ProjectWise for project delivery, AssetWise for asset
and network performance, and the iTwin platform for infrastructure
digital twins. Bentley Systems employs more than 4,000 colleagues
and generates annual revenues of more than $800 million in 172
countries. www.bentley.com
© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo,
AssetWise, iTwin, MicroStation, ProjectWise, and Seequent are
either registered or unregistered trademarks or service marks of
Bentley Systems, Incorporated or one of its direct or indirect
wholly owned subsidiaries. All other brands and product names are
trademarks of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20210617005659/en/
Investor Contact: Ankit Hira or Ed Yuen Solebury Trout for
Bentley Systems ir@bentley.com 1-610-458-2777
Media Contact: Carey Mann carey.mann@bentley.com
1-610-458-3170
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