12:34 PM EDT, 04/18/2024 (MT Newswires) -- (Updates last paragraph to reflect that neither of the companies immediately responded to requests for comment from MT Newswires)

Schneider Electric and Cadence Design Systems have expressed an interest in buying Bentley Systems ( BSY ) , Reuters reported Thursday, citing people familiar with the matter.

Bentley Systems ( BSY ), which has a market cap of about $15 billion, is exploring the options which could result in a change of ownership in the business.

Bentley Systems ( BSY ), Schneider Electric and Cadence did not immediately respond to requests for comment from MT Newswires.

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