Deal-Ticker: Teralytics, the global platform for human mobility analysis, announces the acquisition of the Streetlytics mobility data business from Bentley Systems
Teralytics, the global platform for human mobility analysis, announced it has acquired the Streetlytics mobility data business from Bentley Systems (Nasdaq: BSY), the infrastructure engineering software company.
Teralytics and Bentley have partnered to leverage the company’s data services for Bentley’s mobility simulation solutions, which support transportation planners and engineers around the globe. As part of the transaction, Bentley is investing in Teralytics and will join its Board of Directors. Teralytics’ existing investors also participated in the round.
Kellerhals Carrard with lead partners Karim Maizar and Nicolai Nuber (both Corporate/M&A) as well as Michèle Remund (Tax) advised Teralytics as lead counsel in all legal matters of this multi-step transaction, together with the support of Umberto Milano and Sandro Stich (both Corporate/M&A) and US counsel Wuersch & Gering.
We wish Teralytics all the best for the way forward and cordially congratulate to this milestone in its 10th year of existence!
https://www.teralytics.net/knowledge-hub/teralytics-acquisition-of-streetlytics/