San Francisco, March 12 (TIWN) Infrastructure engineering software company Bentley Systems has said that it entered into an approximately $1.05 billion agreement to acquire Seequent, a global leader in 3D modelling software for the geosciences.

Software produced by Seequent is used for large-scale projects, including groundwater detection, road and rail tunnel construction, subterranean storage of spent nuclear fuel and geothermal exploration.  The acquisition of Seequent is expected to initially add approximately 10 per cent to each of Bentley Systems’ key financial metrics and is expected to be measurably accretive to Bentley’s organic growth rate, the company said on Thursday.