Naviam to acquire Cohesive from Bentley, backed by Norwest growth investment

What's the deal? NaviamDealroom has a profile for this one. Try Dealroom →, a global IBMDealroom has a profile for this one. Try Dealroom → Maximo services provider, has signed a definitive agreement to acquire CohesiveDealroom has a profile for this one. Try Dealroom → from BentleyDealroom has a profile for this one. Try Dealroom → Systems. As part of the transaction, BentleyDealroom has a profile for this one. Try Dealroom → will make an equity investment in Naviam, becoming a minority shareholder and taking a board seat at close. Growth equity firm Norwest is separately investing in the combined business.

What each side brings: Cohesive provides IBM Maximo consulting, implementation, hosting, and support, serving hundreds of asset owners including the UK's Ministry of DefenceDealroom has a profile for this one. Try Dealroom → and US utility Con EdisonDealroom has a profile for this one. Try Dealroom →. Naviam serves hundreds of its own customers and says the deal makes it "the world's largest independent IBM Maximo services and solutions provider," in the words of chief executive officer Oliver Garthwaite.

The strategic rationale: The companies plan to integrate Bentley Infrastructure Cloud, Naviam's cloud capabilities, and IBM Maximo to unlock value across the infrastructure asset lifecycle, including geospatial data integration. After close, Naviam will sell and implement Bentley platforms to both Cohesive's and its own customers.

What changes for customers? Cohesive's team and clients move into Naviam, which pledged its "commitment to their success is unwavering." David Shaman, Bentley's chief legal officer, framed the deal as accelerating "a shared vision" around integrating engineering and operational data into "evergreen digital twins."

Why Norwest? The firm will work with Naviam's management and Bentley to fund expansion of Maximo delivery capacity and the product suite. "Naviam has built the deepest Maximo capability in the market," said Norwest partner Chris Scullin, who led the transaction.

The signal: The deal consolidates the fragmented IBM Maximo services market under a single independent leader, while pairing enterprise asset management with infrastructure cloud and digital twin technology. It also positions Bentley as both a seller and an investor, betting on the convergence of engineering data and enterprise operations.

Read more: wfmz.com

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