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

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.