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Bentley sets its sights on full service for geotechnics with Seequent buyout


Bentley sets its sights on full service for geotechnics with Seequent buyout
Bentley Systems has announced that it has reached an agreement with investors led by Accel-KKR to acquire geotechnical software specialist Seequent in a deal valued at US$1.03bn (£750M).
In addition to creating a firm foothold in the geotechnical software sector, the deal is expected to add 10% to Bentley’s profits and revenues.
The move follows on from the firm’s buyout of geotechnical data firm Keynetix in May 2019 which was a key driver in development of Bentley’s cloud based Open Ground software. That deal came a year after Bentley acquired numerical modelling software developer Plaxis and Soil Vision to add to its existing geotechnical borehole record data business Gint. ....

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