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Announced

Completed

Bentley Systems completed the acquisition of Seequent from Accel-KKR and Pencarrow for $1.05bn.

Financials

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Transaction Value£753m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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exploration services

IT Services: Other

geological

Single Bidder

Friendly

Private

New Zealand

Private Equity

3D visualisation

Majority

Acquisition

Cross Border

Completed

Synopsis

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Bentley Systems, an infrastructure engineering software company, completed the acquisition of Seequent, a geological and geophysical software development company, from Accel-KKR and Pencarrow, two private equity firms, for $1.05bn. “By ‘leapfrogging ahead’ with Bentley to align geosciences with infrastructure engineering through deeper digital twins, Seequent underscores our conviction that better understanding of the earth creates a better world for all. Users and accounts of Seequent, as a Bentley Company, can expect business as usual, with many product and commercial synergies eventually forthcoming," Shaun Maloney, Seequent CEO.

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