On the Record · Bentley Systems
Bentley Systems acquisitions, on the record
The businesses Bentley Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Seequent Holdings Limited ("Seequent")Word for word“Seequent Holdings Limited (“Seequent”) (2021), to enable infrastructure digital twin capabilities to incorporate modeling and simulation of full subsurface depths, and advancing infrastructure resilience and sustainability by helping geoprofessionals to understand environmental conditions and to mitigate environmental risks; and” 10-K for 2023 | acquisition | 2021 | — |
PLSWord for word“PLS (2022), to bring design, analysis, and management of overhead electric power transmission lines and structures to our grid digital twin solutions.” 10-K for 2023 | acquisition | 2022 | — |
programmatic acquisitionsWord for word“Since our founding, we have purposefully pursued a strategy of regularly acquiring and integrating specialized infrastructure engineering software businesses, including 22 acquisitions over the past three years.” 10-K for 2023 | acquisition | over the past three years | — |
CesiumWord for word“The platform was augmented through the acquisition of Cesium in September 2024.” 10-K for 2025 | acquisition | September 2024 | — |
Seequent Holdings LimitedWord for word“Seequent Holdings Limited (2021), to enable infrastructure digital twin capabilities to incorporate modeling and simulation of full subsurface depths, and advancing infrastructure resilience and sustainability by helping geoprofessionals to understand environmental conditions and to mitigate environmental risks; and • PLS (2022), to bring design, analysis, and management of overhead electric power transmission lines and structures to our grid digital twin offerings.” 10-K for 2025 | acquisition | 2021 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2018-12-31 | $135.3 million | — |
| 2019-12-31 | $34.1 million | $34 million |
| 2020-12-31 | $93 million | $82 million |
| 2021-12-31 | $1.03 billion | $1.07 billion |
| 2022-12-31 | $743 million | $658.8 million |
| 2023-12-31 | $26 million | $19.9 million |
| 2024-12-31 | $130.4 million | $120.2 million |
| 2025-12-31 | $93.3 million | $69.2 million |
Deal filings since 2016
- 2026-04-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-10-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Bentley Systems’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.