Announced
Completed
Financials
Tags
design software
Private
Domestic
Completed
Software
Majority
software
management software
Friendly
United States
Single Bidder
Acquisition
Synopsis
Bentley Systems, the infrastructure engineering software company, completed the acquisiton of SPIDA Software, a developers of specialized software for the design, analysis, and management of utility pole systems. Financial terms were not disclosed. "As the rapid expansion of renewable energy sources and greater demand created by electric vehicles increasingly stresses our grid infrastructure, and for 5G-enabled broadband rollout, grids’ utility poles are ‘priceless’ for sustainably advancing infrastructure,” Alan Kiraly, Bentley Systems Senior Vice President.
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