M&A Deal Summary

Bentley Acquires Flow State Solutions

On October 11, 2023, Bentley acquired software company Flow State Solutions

Acquisition Highlights
  • This is Bentley’s 31st transaction in the Software sector.
  • This is Bentley’s 2nd transaction in New Zealand.

M&A Deal Summary

Date 2023-10-11
Target Flow State Solutions
Sector Software
Buyer(s) Bentley
Deal Type Add-on Acquisition

Target

Flow State Solutions

Rotorua, New Zealand
Flow State Solutions is a geothermal simulation software that provides geothermal reservoir, wellbore, and surface network simulation solutions to help project developers and operators better understand geothermal resources for asset development and optimization and improve well performance. Flow State Solutions is based in Rotorua, Bay of Plenty.

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Buyer(S) 1

Buyer

Bentley

Exton, Pennsylvania, United States

Category Company
Founded 1984
Sector Software
Employees5,200
Revenue 1.2B USD (2023)
DESCRIPTION

Bentley is a software development company that supports the professional needs of those responsible for creating and managing the world’s infrastructure, including roadways, bridges, airports, skyscrapers, and industrial and power plants, as well as utility networks. Bentley delivers solutions for the entire lifecycle of the infrastructure asset, tailored to the needs of the various professions: the engineers, architects, geospatial professionals, planners, contractors, fabricators, IT managers, operators, and maintenance engineers: who will work on and work with that asset over its lifetime. Comprised of integrated applications and services built on an open platform, each solution is designed to ensure that information flows between workflow processes and project team members to enable interoperability and collaboration. Bentley was founded in 1984 and is based in Exton, Pennsylvania.


DEAL STATS #
Overall 40 of 41
Sector (Software) 31 of 32
Type (Add-on Acquisition) 39 of 40
Country (New Zealand) 2 of 2
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Blyncsy

Salt Lake City, Utah, United States

Blyncsy is a provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. Blyncsy was founded in 2014 and is based in Salt Lake City, Utah,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-06 Cesium

Philadelphia, Pennsylvania, United States

Cesium is a 3D geospatial technology company that specializes in creating software solutions for visualizing, analyzing, and understanding 3D geospatial data. Cesium was founded in 2019 and is based in Philadelphia, Pennsylvania.

Buy -