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Announced

Completed

Bentley Systems-backed Seequent completed the acquisition of Advanced Resources and Risk Technology.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Software

Completed

Friendly

Single Bidder

software company

United States

Majority

Cross Border

Synopsis

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Seequent, a business unit of Bentley Systems, completed the acquisition of Advanced Resources and Risk Technology, a developer of geostatistical software applications. Financial terms were not disclosed. “We’re delighted to welcome to Seequent the elite and talented AR2Tech team in Denver and Brazil. AR2Tech’s technology stack and world-leading expertise in geostatistics, geomodeling, and spatial data integration strengthen Seequent’s capabilities in these areas. The acquisition will help accelerate our development of new geostatistics solutions and create seamless end-to-end workflows with Seequent’s advanced modeling solutions. We’re excited to make this investment for our mining, environmental, civil, and energy users to take geomodeling to the next level," Graham Grant, Seequent CEO.

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