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.
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.
Seequent, a geoscience technology company, announced the acquisition of GEOSLOPE, a Canadian developer of geotechnical analysis software GeoStudio. The deal brings together geoscience tech solutions for engineering and design workflows.
Seequent announced it has signed an agreement to acquire Geosoft, a Canadian geoscience software company headquartered in Toronto. The acquisition brings together Seequent's Leapfrog 3D geological modelling software with Geosoft's subsurface geoscience technology.