# Bentley Systems to acquire Seequent for $900 million

Bentley Systems, a global infrastructure engineering software company, has agreed to acquire New Zealand-based Seequent, a provider of geological and geophysical modelling software, for $900 million in cash. The transaction is expected to close in Q2 2021.

- Type: Acquisition
- Announced: 2021-03-15
- Where: Christchurch, New Zealand
- Value: $900.0M
- Status: announced
- Products: geological and geophysical modelling software

## 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

- [itbrief.co.nz](https://itbrief.co.nz/story/kiwi-company-seequent-acquired-by-bentley-systems-for-900-million), 2021-03-14: "Bentley Systems, the global infrastructure engineering software company, is set to acquire New Zealand company Seequent."
- [newcivilengineer.com](https://www.newcivilengineer.com/latest/bentley-sets-its-sights-on-full-service-for-geotechnics-with-seequent-buyout-15-03-2021/), 2021-03-15: "Bentley Systems has announced that it has reached an agreement with investors led by Accel-KKR to acquire geotechnical software specialist Seequent in a deal valued at US$1.03bn."

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