Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gasprices - Bentley Systems, an engineering software company with a market value of about $15 billion, is exploring options that include a sale after attracting acquisition interest, according to people familiar with the matter.
Among the companies that have expressed interest in a deal with Bentley are electrical equipment maker Schneider Electric and design software firm Cadence Design Systems, one of the sources said.The Bentley family controls the eponymous company through a special class of shares. The company has formed a special committee of its board of directors to explore its options, that include an outright sale of the company as well as a joint venture, the sources said.
The sources requested anonymity because the discussions are confidential and cautioned that no deal is certain.