Christchurch-based geoscience software company Seequent has acquired Geoslope, a Canadian company that creates integrated geotechnical analysis software.
The move follows Silicon Valley private equity firm Accel-KKR taking what was reported to be a majority stake in Seequent in July.
Seequent said the Geoslope team would continue to be led by CEO Paul Grunau and would maintain its presence in Calgary.
According to Seequent, Geoslope is recognised worldwide by geotechnical engineers who use its GeoStudio suite for design, analysis and decision making. Seequent says these are used in over 100 countries for analysing infrastructure projects including dams and levees, reinforced walls and slopes, open pit mines, and transportation.
Grunau said joining Seequent presented an opportunity for greater integration of geotechnical analysis into the overall engineering and design workflow, enabling customers to more effectively analyse their problems and deliver better outcomes.
Seequent is best known for its Leapfrog 3D geological modelling solutions for the mining and minerals industry. Leapfrog, released 15 years ago, helps uncover insights from geological data and enables geologists and executives to make time-sensitive investment and environmental decisions.
The company has since launched Leapfrog versions for the civil engineering, geothermal energy and environmental industries, as well as other visualisation and collaboration technologies.