Bentley Systems, Inc, the infrastructure engineering software firm, announced that its Cohesive Group digital integrator business has acquired Vetasi, a consultancy specializing in enterprise asset management (EAM) solutions, with a strong focus on IBM Maximo. Vetasi brings the largest consultancy team across Europe, Africa, and ASEAN, with headquarters in the UK and operations based in Poland, Indonesia, South Africa, Spain, Ukraine, and Australia.
Cohesive has achieved consistent significant growth and continues to win substantial new projects, notably in the utilities, transport, and energy sectors. Prior to Vetasi, Cohesive has acquired multiple organizations in the enterprise asset management (EAM) and digital twin advisory space to increase service delivery capacity, including prioritizing geographical reach for significantly growing opportunities in the EMEA and especially Asia Pacific regions.
What does the acquisition mean for Cohesive Group?
Vetasi also deepens the Cohesive team with additional strategic advisory capabilities and adds to the Cohesive services catalog Maximo cloud hosting capabilities, expertise in low-code development, and strong real estate and facilities management domain knowledge.
David Hollister, Bentley Systems’ Chief Investment Officer, said, “The acquisition of Vetasi, with over 200 colleagues in EMEA and APAC, contributes towards our objectives for Cohesive as an independent digital integrator, filling any remaining gaps to achieve comprehensive global self-sufficiency and economies of scale across the full lifecycle of infrastructure assets.”
“Additionally, Vetasi significantly accelerates Cohesive’s learning curve in cloud hosting provisioning for Maximo. Cohesive’s growing success will show the way for engineering firms to create and curate digital twin data-centric cloud services for infrastructure owner-operators, increasing opportunities for Bentley’s market-leading iTwin Platform.”
“By advancing Maximo implementations to function within digital “infinity twins,” Cohesive can help to transform asset-owners’ businesses from an operational perspective while also improving their ESG performance. On behalf of Cohesive’s talent force of over 700 globally, we embrace the Vetasi team and look forward to the next step in our shared journey.”
Mark Bew, CEO of Cohesive, said, “Acquiring Vetasi enables Cohesive to consolidate its position as a global leader in digital engineering systems integration. This significantly scales out our global platform to build long-term, high-value partnerships with our customers.”
What does the acquisition mean for Vetasi?
Jarosław Łukasiewicz, CEO of Vetasi, who joins Cohesive along with other executive partners James Fair and Trevor Roberts, said, “We are delighted to join Cohesive and contribute to its mission of delivering transformational and sustainable outcomes through the built and natural environment. Becoming part of Cohesive enables us to expand our partnerships with our clients and build further upon Vetasi’s vision of delivering solutions that deliver real value.”
Vetasi’s clients can benefit from the multi-discipline scope of a top digital integrator, combining greater global scale with agility to leverage more value from their asset portfolios. Cohesive was founded by Bentley in 2020 as a digital engineering systems integrator to help infrastructure owner-operators deliver transformational and sustainable outcomes.