---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-140283"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2021-11-17T23:59:59+00:00"
generated_at: "2026-06-28T07:15:48.773004+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems to acquire Power Line Systems for ~$700M in cash/stock

## Summary
- Agreement to acquire Power Line Systems for approximately $700 million, subject to adjustments.
- Consideration payable in cash or combination of cash and up to 50% in Bentley class B shares.
- Stock portion, if any, priced at weighted-average price at closing; issuance exempt from registration under Securities Act.
- Transaction expected to close pending conditions; no specific closing date provided.
- Acquisition expands Bentley's portfolio with Power Line Systems' engineering software capabilities.

## SEC filing metadata
- accession: 0001104659-21-140283
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2021-11-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000110465921140283/0001104659-21-140283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000110465921140283/tm2133221d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-140283
- JSON: https://secwatch.observer/filing/0001104659-21-140283.json
- Plain text: https://secwatch.observer/filing/0001104659-21-140283.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.