Bentley Systems to acquire Seequent for ~$1.05 billion

Bentley Systems has entered into a definitive agreement to acquire Seequent, a leader in 3D modeling software for geosciences, for $900 million in cash plus 3,141,361 BSY Class B shares (total ~$1.05 billion). The announcement was made on March 11, 2021.

“Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that it has entered into a definitive agreement with investors led by Accel-KKR to acquire Seequent...for $900 million in cash...plus 3,141,361 BSY Class B shares.”accel-kkr.com

• 2 sources
• accel-kkr.comBentley Systems Enters into ~ $1.05 Billion Agreement to Acquire Seequent, Global Leader in 3D Modeling Software for the Geosciences - Accel-KKRSean HennessyMar 12, 2021
• aecmag.comBentley Systems to acquire Seequent for $1.05 billion - AEC MagazineGreg CorkeMar 12, 2021

Summarized from public sources; check the original articles before acting on it.