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

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.