Bentley Systems Inc. (BSY) Declares $0.03 Quarterly Dividend; 0.2% Yield
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Bentley Systems Inc. (BSY) Acquisition Bolsters Grid Integration Ahead of Infrastructure Project Expansion - Mizuho Securities
November 17, 2021 7:40 AM ESTMizuho Securities analyst Mathew Brooms reiterated a Buy rating and $74.00 price target on Bentley Systems Inc. (NASDAQ: BSY) after the company announced it had agreed to acquire electric power transmission infrastructure design software company Power Line Systems for ~$700M.
The analyst stated "Last week,... More
Bentley Systems Inc. (BSY) Acquires Power Line Systems from TA Associates for $700M
November 17, 2021 4:59 AM ESTBentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that it has entered into a definitive agreement to acquire Power Line Systemsa leader in software for the design of overhead electric power transmission lines and their structuresfrom private equity firm TA Associates for approximately $700 million. The consideration is payable, at BSYs election, in cash or a combination of cash and BSY stock. As an established subscription business with no full-time go-to-market staffing, Power Line Systems generates extraordinary profitability and cashflow, and accordingly, the acquisition is expected to be... More
