Schneider Electric in Talks to Acquire Bentley Systems
Summary
Schneider Electric SE, the French energy solutions company, is in talks to acquire a majority stake in Bentley Systems, a transaction estimated at $15.6 billion. In a statement on April 19, Schneider said it was “holding discussions with Bentley Systems regarding a potential strategic transaction,” and that the talks were in the early stages. The statement was issued in response to media reports that the company was seeking to take control of Bentley Systems, which designs infrastructure software. “Schneider Electric confirms that, as part of its continuous exploration of opportunities in furtherance of its One Software strategy, it has been holding discussions with Bentley Systems with regard to a potential strategic transaction,” read the statement. Bentley is renowned for its portfolio of cloud-based design, construction, and operation tools, spanning transportation and water infrastructure, public works, utilities, buildings, mining, and industrial facilities.