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Bentley Advancing Infrastructure Ⓡ Press Release Press Contact : Christine Byrne +1 203 805 0432 Christine . Byrne@bentley.com Follow us on Twitter : @BentleySystems Bentley Systems Enters into ~ $ 1.05 Billion Agreement to Acquire Seequent , Global Leader in 3D Modeling Software for the Geosciences To Advance Environmental Resilience by “ Deepening " Infrastructure Digital Twins ! EXTON , Pa . - March 11 , 2021 - Bentley Systems , Incorporated ( Nasdaq : BSY ) , the infrastructure engineering software company , today announced that it has entered into a definitive agreement with investors led by Accel - KKR to acquire Seequent a leader in software for geological and geophysical modeling , geotechnical stability , and cloud services for geodata management , visibility , and collaboration- for $ 900 million in cash , subject to adjustment , plus 3,141,361 BSY Class B shares . The acquisition of Seequent is expected to initially add approximately 10 % to each of Bentley Systems ' key financial metrics ( ARR , annual revenue , and EBITDA ) and is expected to be measurably accretive to Bentley's organic growth rate . Most significantly , the combination will deepen the potential of infrastructure digital twins to help understand and mitigate environmental risks , advancing resilience and sustainability . The acquisition is subject to customary closing conditions and regulatory approvals , including New Zealand Overseas Investment Act consent as well as clearance under the Hart - Scott - Rodino Antitrust Improvements Act . Upon closing , Seequent will operate as a stand - alone Bentley subsidiary , with Seequent's current Chief Operating Officer Graham Grant , succeeding its retiring CEO Shaun Maloney , reporting to Bentley's Chief Product Officer Nicholas Cumins . Seequent , founded and headquartered in Christchurch , New Zealand , has more than 430 colleagues in 16 office locations , serving geologists , hydrogeologists , geophysicists , geotechnical engineers , and civil engineers in over 100 countries , and the world's top mining companies . Its established presence in mineral - intensive geographies such as South America and southern Africa is expected to accelerate Bentley's overall opportunities in these regions with significant infrastructure requirements . In turn , Bentley's established presence in China , and its