Naviam to Acquire Cohesive from Bentley Systems, Secures Growth Investment from Norwest
Naviam announced it has entered into a definitive agreement to acquire Cohesive from Bentley Systems. The transaction is expected to solidify Naviam's position as the largest global IBM Maximo business partner.
Naviam has announced a definitive agreement to acquire Cohesive from Bentley Systems. This acquisition is anticipated to strengthen Naviam's standing as the world's largest business partner for IBM Maximo software.
As part of the transaction, Bentley Systems will make a strategic equity investment in Naviam and will join its Board of Directors. Additionally, growth investment firm Norwest will provide significant funding to Naviam.
The acquisition of Cohesive is expected to enhance Naviam's capabilities and service offerings, particularly in enterprise asset management software. The company anticipates that integrating Cohesive will improve customer experience and operational efficiency.
Naviam has stated its intention to continue its growth trajectory through strategic partnerships and further acquisitions within the industry.