M&A Deal Summary

Bentley Acquires The Cohesive Companies

On July 13, 2020, Bentley acquired business services company The Cohesive Companies

Acquisition Highlights
  • This is Bentley’s 1st transaction in the Business Services sector.
  • This is Bentley’s 9th transaction in the United States.
  • This is Bentley’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2020-07-13
Target The Cohesive Companies
Sector Business Services
Buyer(s) Bentley
Deal Type Add-on Acquisition

Target

The Cohesive Companies

Exton, Pennsylvania, United States
The Cohesive Companies provide advisory, systems integration, and cloud services to help infrastructure asset owner-operators advance their BIM, enterprise asset management (EAM), and asset lifecycle information (ALIM) environments to infrastructure asset performance digital twins. The Cohesive Companies is based in Exton, Pennsylvania.

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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 25 of 40
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 24 of 39
State (Pennsylvania) 2 of 2
Country (United States) 9 of 16
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 NoteVault

San Diego, California, United States

NoteVault, Inc. is a provider of voice-to-text-based mobile reporting solutions for the engineering and construction industry. NoteVault was founded in 2008 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 FutureOn a.s.

Oslo, Norway

FutureOn is an agile young Norwegian software company with a passion for innovation and a head full of creative ideas. They bring along a bench of smart thinkers who have been providing appealing visual content to the oil and gas industry for many years and have now turned that creative ability into a software platform. That platform called FieldTwin is changing the way oil and gas engineers are seeing their whole world and collaborating in ways they have never even considered in the past. FutureOn was formed in 2016 and is based in Oslo, Norway.

Buy -
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