# 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.

- Type: Acquisition
- Announced: 2021-03-11
- Where: United States
- Value: $1.05B
- Status: announced
- Products: 3D modeling software for geosciences

## Companies

- [Bentley Systems](https://endata.com/companies/16341.md) (acquirer)
- [Seequent](https://endata.com/companies/35449.md) (target)
- [Accel-KKR](https://endata.com/companies/53790.md) (investor)

## Sources

- [accel-kkr.com](https://www.accel-kkr.com/bentley-systems-enters-into-1-05-billion-agreement-to-acquire-seequent-global-leader-in-3d-modeling-software-for-the-geosciences/), 2021-03-12: "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."
- [aecmag.com](https://aecmag.com/digital-twin/bentley-systems-to-acquire-seequent-for-1-05-billion/), 2021-03-12: "The acquisition will help expand Bentley’s infrastructure digital twin offering, for better planning, delivery, operation, and maintenance of infrastructure assets, as well as mines."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.