Add-on Acquisition • Software

Bentley Acquires ADINA R & D

On April 7, 2022, Bentley acquired software company ADINA R & D

Acquisition Context
  • This is Bentley’s 28th transaction in the Software sector.
  • This is Bentley’s 14th transaction in the United States.
  • This is Bentley’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date April 7, 2022
Target ADINA R & D
Sector Software
Buyer(s) Bentley
Deal Type Add-on Acquisition

Target Company

ADINA R & D

Watertown, Massachusetts, United States
ADINA R & D is a developer of finite element analysis software applications used in a comprehensively diverse range of engineering fields. ADINA R & D was founded in 1986 and is based in Watertown, Massachusetts.
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Buyer Overview 1

Buyer

Bentley

Exton, Pennsylvania, United States

Category Company
Founded 1984
Sector Software
Employees5,500
Revenue 1.4B USD (2024)
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 Context for Buyer #
Overall 37 of 41
Sector: Software 28 of 32
Type: Add-on Acquisition 36 of 40
State: Massachusetts 1 of 1
Country: United States 14 of 17
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 AR2Tech

Denver, Colorado, United States

AR2Tech provides software and solutions for conditional simulation and estimation models of complex orebodies. AR2Tech was founded in 2010 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Bentley Systems - Streetlytics mobility data business

Exton, Pennsylvania, United States

Bentley Systems' Streetlytics mobility data business delivers mobility analytics for audience measurement across the out-of-home advertising industry in the United States and Canada. Bentley Systems' Streetlytics mobility data business is based in Exton, Pennsylvania.

Sell -