Acquisition to Expand Building Information Modeling for Structural
Engineering
SAN RAFAEL, Calif.--(BUSINESS WIRE)--Oct. 2, 2013--
Autodesk,
Inc. (NASDAQ: ADSK) has signed a definitive agreement with the
shareholders of Graitec to acquire certain technology assets, including
Graitec’s Advance Steel and Advance Concrete product lines, and
associated employees. The acquisition will enhance Autodesk’s current
offerings for structural engineering and expand its portfolio of
technology for Building
Information Modeling (BIM) for structural fabrication and detailing.
Through the proposed acquisition, Autodesk will continue to lead the
industry’s migration to BIM and evolution of model-based workflows for
structural engineers, detailers, fabricators and contractors who provide
modeling, analysis, detailing, and production services. The transaction
is expected to close in the 4th quarter of fiscal year 2014 and is
subject to customary closing conditions. The financial terms of the
transaction were not disclosed.
“Autodesk continues to extend Building Information Modeling across the
building lifecycle. The proposed acquisition of the Graitec technology
will provide our customers with a more seamless structural engineering
workflow, from design to fabrication and to construction, with enhanced
offerings for structural steel and concrete detailing,” said Amar
Hanspal, Autodesk senior vice president of Information Modeling and
Platform Products. “We look forward to welcoming Graitec employees,
customers and partners to the Autodesk community.”
Graitec is a global provider of CAD and engineering software for
structural engineering, civil engineering and building construction
headquartered in France. Graitec’s Advance Steel and Advance Concrete
products offer modeling, detailing, and fabrication solutions to support
BIM-based steel and reinforced concrete workflows. Graitec will to
continue to sell and support Advance Steel and Advance Concrete, as well
as sell, support, and develop its remaining products for structural
engineering.
"Autodesk's acquisition of the Advance Steel and Advance Concrete
products in support of its BIM strategy is a testament to the expertise
of the Graitec team and the quality of our steel and concrete detailing
solutions," said Francis Guillemard, CEO, Graitec. "Graitec continues to
develop dedicated BIM software and services that are complementary to
Autodesk, and together we look forward to maximizing the efficiency and
performance of the global construction industry."
Business Outlook
This transaction is expected to have no impact on guidance issued today,
October 2, 2013.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding: the impact of
the acquisition and acquired technologies on Autodesk's product and
services offerings, the impact of the acquisition on end-user
functionality and workflow integration, and Autodesk’s acceleration of
the adoption of BIM in structural engineering. Factors that could cause
actual results to differ materially include the following: Autodesk’s
ability to timely close the acquisition of Graitec and integrate Graitec
technologies and employees; costs related to the proposed acquisition;
whether certain market segments grow as anticipated; the competitive
environment in the software industry and competitive responses to the
acquisition; our success developing new products or modifying existing
products and the degree to which these gain market acceptance; failure
to successfully manage transitions to new business models and markets,
including the introduction of additional ratable revenue streams and our
continuing efforts to attract customers to our cloud-based offerings;
difficulty in predicting revenue from new businesses and the potential
impact on our financial results from changes in our business models;
general market and business conditions; the timing and degree of
expected investments in growth opportunities; pricing pressure; failure
to achieve continued cost reductions and productivity increases; changes
in the timing of product releases and retirements; failure of key new
applications to achieve anticipated levels of customer acceptance;
failure to achieve continued success in technology advancements;
interruptions or terminations in the business of our consultants or
third party developers; the expense and impact of legal or regulatory
proceedings; and unanticipated impact of accounting for acquisition.
Further information on potential factors that could affect the financial
results of Autodesk are included in the company's annual report on Form
10-K for the year ended January 31, 2013, and Form 10-Q for the quarter
ended July 31, 2013, which are on file with the Securities and Exchange
Commission. Autodesk does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made.
About Autodesk
Autodesk helps people imagine, design and create a better world.
Everyone—from design professionals, engineers and architects to digital
artists, students and hobbyists—uses Autodesk software to unlock their
creativity and solve important challenges. For more information visit autodesk.com or
follow @autodesk.
Autodesk is a registered trademark of Autodesk, Inc., and/or its
subsidiaries and/or affiliates in the USA and/or other countries. All
other brand names, product names or trademarks belong to their
respective holders. Autodesk reserves the right to alter product and
services offerings, and specifications and pricing at any time without
notice, and is not responsible for typographical or graphical errors
that may appear in this document.
© 2013 Autodesk, Inc. All rights reserved.
Source: Autodesk, Inc.
Autodesk, Inc.
Media Contact:
Noah Cole, 415-580-3535
noah.cole@autodesk.com
or
Investors
Contact:
David Gennarelli, 415-507-6033
david.gennarelli@autodesk.com