Announced
Completed
Synopsis
Bentley Systems, a global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, completed the acquisition of GroupBC, a SaaS software provider, from YFM Equity Partners, an independent private equity business. Financial terms were not disclosed. “Our many UK users, projects, and owners in common with GroupBC will gain a lot from our joining forces to advance CDEs through digital twins. I have been tasked by Bentley management to help the UK to continue to lead the world in going digital for infrastructure advancement, and our new offerings and colleagues from GroupBC bring essential momentum as we pool resources to meet our market’s expanded ‘infrastructure revolution’ requirements. I particularly welcome to Bentley Systems GroupBC’s co-founders Sanjeev Shah and Stephen Crompton, and CEO Wes Simmons,” Simon Horsley, Bentley Systems UK Regional Executive.
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