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New Deal


Announced

Bentley Systems to acquire Power Line Systems from TA Associates for $700m.

Financials

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Transaction Value£520m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Acquisition

Auto Technology

Majority

Private Equity

Domestic

Private

Pending

engineering software

Single Bidder

Synopsis

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Bentley Systems, an infrastructure engineering software company, agreed to acquire Power Line Systems, a developer of engineering software, from TA Associates for $700m. “We are enthused to be joining the like-minded Grid Integration Group within Bentley Systems to enlarge our collective contributions further across the broader grid, further across the infrastructure lifecycle, and further across the world. The community of transmission engineers for whom Power Line Systems has been the go-to software provider will also gain from our expanding scope and reach," Otto Lynch, Power Line Systems CEO.

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