Bentley Systems has entered into a definitive agreement with investors led by Accel-KKR to acquire Seequent—a New Zealand–based company specializing in software for geological and geophysical modeling, geotechnical stability and cloud services — for $900 million in cash. The transaction also includes 3.1 million BSY Class B shares.
Seequent software is used on large-scale projects globally, including road and rail tunnel construction, groundwater detection and management, geothermal exploration, subsea infrastructure mapping, resource evaluation and subterranean storage of spent nuclear fuel.
Bentley said the acquisition will initially add 10 percent to each of the company’s key financial metrics and will deepen the potential of infrastructure digital twins, to help understand and mitigate environmental risks, advancing resilience and sustainability.
“Seequent impressively has a historical and current organic revenue growth rate which, coupled with an
