The acquisition is expected to solidify Naviam's position as the largest global IBM Maximo business partner. As part of the transaction, Bentley Systems will make a strategic equity investment in Naviam and join its Board of Directors, while Norwest will make a significant growth investment in the combined Naviam and Cohesive business. The partnership will also bring together Bentley Infrastructure Cloud, Naviam Cloud, and IBM Maximo to unlock greater value across the full asset lifecycle.
LONDON, Sept. 7, 2026 /PRNewswire-PRWeb/ -- Naviam, the world-leading IBM Maximo partner, today announced it has entered into a definitive agreement to acquire Cohesive from Bentley Systems. As part of the transaction, Bentley will make an equity investment in Naviam, becoming a minority shareholder and taking a seat on its Board of Directors upon the close of the transaction.
Cohesive is a leading provider of IBM Maximo consulting, implementation, hosting, and support. Its professionals serve hundreds of asset owners worldwide, including the UK's Ministry of Defence and Con Edison, one of the largest investor-owned utilities in the U.S.
Naviam and Bentley share a mutual belief that the integration of Bentley Infrastructure Cloud, Naviam cloud capabilities, and IBM Maximo can unlock substantial value across the infrastructure asset lifecycle, including geospatial data integration. Following the close of the transaction, Naviam will partner with Bentley to sell and implement Bentley platforms and products, not only to Cohesive's customers but also to Naviam's hundreds of existing customers.
Oliver Garthwaite, CEO of Naviam, said, "We have long admired Cohesive, and today we are thrilled to announce this agreement to officially welcome their talented team and valued customers into the Naviam family. This combination is a natural evolution of our long-standing relationship, born from a deep, mutual respect for the capabilities and vision of both organizations. Together, we are the world's largest independent IBM Maximo services and solutions provider, and we want to assure every Cohesive customer that our commitment to their success is unwavering. Our reputation is built on delivering successful outcomes, and we will continue that focus for all our customers."
David Shaman, Chief Legal Officer of Bentley Systems, added, "I am pleased to join Naviam's board as Bentley's representative following the close of this transaction. At the core, this deal is about accelerating a shared vision. The future of infrastructure asset management lies in the deep integration of engineering and operational data with enterprise systems to create and leverage evergreen digital twins. Partnering with Naviam strengthens our ability to bring the full power of Bentley Infrastructure Cloud to asset owner-operators. We are incredibly proud of what the Cohesive team has built, including its continuously improving financial trajectory. Through our new role as a key investor and partner in Naviam, we are excited to help guide this next chapter of innovation and success."
Concurrent with the acquisition of Cohesive, leading growth equity firm Norwest has entered a definitive agreement to make a significant growth investment in the combined businesses. Norwest will work closely with Naviam's management team and Bentley to support continued investment in Naviam's Maximo delivery capacity and product suite.
"Naviam has built the deepest Maximo capability in the market, and the Cohesive acquisition further strengthens the company's ability to deliver great outcomes for its customers anywhere in the world," said Norwest Partner Chris Scullin, who led the transaction for Norwest. "We are excited to partner with Naviam CEO Oliver Garthwaite, CFO Henrik Fridlund, and the entire Naviam and Bentley teams as Naviam enters this next phase of global growth."
Transaction Details
Bentley's investment in Naviam comes alongside a major growth investment in Naviam by Norwest. Financial terms of Bentley's investment and the Cohesive transaction were not disclosed. The transaction is expected to close on September 30, 2026, subject to the satisfaction of regulatory approvals and other customary closing conditions.
About Naviam
Naviam is the world's leading IBM Maximo partner, helping organizations modernize and maximize the value of their assets through cloud-based platforms, mobile solutions, and advanced product innovation built specifically for IBM Maximo—the world's leading enterprise asset management (EAM) software. Backed by more than 35 years of innovation, we design, build, and support enterprise-scale Maximo environments while developing the industry's largest suite of Maximo-dedicated products that extend, enhance, and future-proof the platform. For more information, please visit www.naviam.io.
About Bentley Systems
Around the world, infrastructure professionals rely on software from Bentley Systems to help them design, build, and operate better and more resilient infrastructure for transportation, water, energy, cities, and more. Founded in 1984 by engineers for engineers, Bentley is the partner of choice for engineering firms and owner-operators worldwide, with software that spans engineering disciplines, industry sectors, and all phases of the infrastructure lifecycle. Through our digital twin solutions, we help infrastructure professionals unlock the value of their data to transform project delivery and asset performance. For more information, please visit www.bentley.com.
About Norwest
Norwest is a global growth equity and venture investment firm managing more than $15.5 billion in capital. Since its inception, Norwest has invested in more than 700 companies and currently partners with more than 250 companies in its growth equity and venture portfolio. The firm invests in early- to late-stage businesses across key sectors with a focus on technology & B2B services, healthcare, and consumer sectors. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, Calif.; Mumbai, India; and Tel Aviv, Israel. For more information, please visit www.norwest.com..
© 2026 Naviam. Bentley Systems, Cohesive, and Bentley Infrastructure Cloud are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.
Media Contact
Joe Kelley, Naviam, 1 (513) 578-6040, [email protected], https://www.naviam.io/
SOURCE Naviam
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