Bentley - M&A Summary and Business Overview

SoftwareCompany

Bentley M&A Summary

Bentley has acquired 41 companies, including 22 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

Bentley’s largest acquisition to date was in 2021, when it acquired Seequent for $1.1B. Bentley has acquired in 10 different US states, and 16 countries. The Company’s most targeted sectors include software (78%) and information technology (13%).

Bentley Business Overview

Where is Bentley headquartered?

Bentley is headquartered in Exton, Pennsylvania.

What is Bentley’s revenue?

Bentley disclosed revenue of 1,099M USD for 2022 and 965M USD for 2021.

How many employees does Bentley have?

Bentley has 5,000 employees.

What sector is Bentley in?

Bentley is a software company.

When was Bentley founded?

Bentley was founded in 1984.

M&A Summary

  • M&A Total Activity41
    • M&A Buy Activity40
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 16
  • M&A Buy/Sell Connections 7
  • M&A Advisors 4

Bentley

Bentley Systems, Inc.

685 Stockton Drive,
Exton, Pennsylvania 19341
United States,
(610) 458-5000
www.bentley.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.6/yr) # 22 4 10 1 3 - 40
vol $1.8B $1.8B
Sell (0.2/yr) # - - - 1 - - 1
  41

Most Recent M&A

Company Date Value Type
Flow State Solutions Ltd. 2023-10-11 - Add-on Acquisition
Rotorua, New Zealand · www.flowstatesolutions.co.nz
Blyncsy, Inc. 2023-08-14 - Add-on Acquisition
Salt Lake City, Utah · www.blyncsy.com
EasyPower LLC 2023-02-23 - Add-on Acquisition
Portland, Oregon · www.easypower.com
Bentley Systems - Streetlytics mobility data business 2022-07-26 - Divestiture
Exton, Pennsylvania
ADINA R & D, Inc. 2022-04-07 - Add-on Acquisition
Watertown, Massachusetts · www.adina.com
Advanced Resources and Risk Technology LLC 2021-12-13 - Add-on Acquisition
Denver, Colorado · www.ar2tech.com
Power Line Systems 2021-11-16 700M USD Add-on Acquisition
Madison, Wisconsin · www.powerlinesystems.com
Aarhus GeoSoftware 2021-07-07 - Add-on Acquisition
Aarhus, Denmark · www.aarhusgeosoftware.dk
SPIDAWEB LLC 2021-06-14 - Add-on Acquisition
Gahanna, Ohio · www.spidasoftware.com
sensemetrics, Inc. 2021-04-29 - Add-on Acquisition
San Diego, California · www.sensemetrics.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 31 (78%) 700M (40%) 1 (100%) -
Information Technology 5 (13%) 1.1B (60%) - -
Internet Software and Services 3 (8%) - - -
Business Services 1 (3%) - - -
Total 40 $1.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 16 700M 1 -
  California 5 - - -
  Pennsylvania 2 - 1 -
  Oregon 2 - - -
  Louisiana 1 - - -
  Colorado 1 - - -
  Wisconsin 1 700M - -
  Utah 1 - - -
  Ohio 1 - - -
  Massachusetts 1 - - -
United Kingdom 4 - - -
Australia 2 - - -
Canada 2 - - -
  Saskatchewan 1 - - -
  Quebec 1 - - -
Germany 2 - - -
India 2 - - -
Netherlands 2 - - -
New Zealand 2 1.1B - -
Belgium 1 - - -
Denmark 1 - - -
Finland 1 - - -
France 1 - - -
Iceland 1 - - -
Norway 1 - - -
Portugal 1 - - -
Sweden 1 - - -
Domestic 16 (40%) 700M (40%) 1 (100%) -
Cross-border 24 (60%) 1.1B (60%) - -
Total 40 $1.8B 1 -

Top M&A Advisors

Financial Deals
BofA Securities
1
Goldman Sachs
1
Legal Deals
Bell Gully
1
Simpson Thacher & Bartlett
1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 1 $700M
TOTAL $1.8B
Largest Seequent Ltd.
$1.1B (2021-03-11)

M&A Connections

Deals
Acquired from
Investor(s)
10%
4 (10%)
Strategic(s)
3%
1 (3%)
Divested to
Strategic(s)
100%
1 (100%)

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