Infrastructure engineering software company Bentley Systems has entered into an agreement with investors, led by Accel-KKR, to acquire software for geological and modelling company Seequent for US$900 million in cash, plus 3,141,361 BSY Class B shares.
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,...