Mergers & AcquisitionsBy The Online Investor Staff, updated Thu., Mar. 4, 1:36 PM
|This Slide: #69 of 100|
Slide #69. Autodesk, Inc. — Innovyze, Inc.
Autodesk, Inc. (NASDAQ:ADSK)
Autodesk, Inc. (NASDAQ: ADSK) today announced it has signed a definitive agreement to acquire Portland, Oregon-based Innovyze, Inc., a global leader in water infrastructure software, for $1 billion net of cash subject to working capital and tax closing adjustments. The acquisition positions Autodesk as a technology leader in end-to-end water infrastructure solutions from design to operations, accelerates Autodesk's digital twin strategy, and creates a clearer path to a more sustainable and digitized water industry.
Autodesk is a design software and services company. Co. is engaged in 3D design, engineering and entertainment software and services. Co.'s product offerings include: AutoCAD Civil 3D, which provides surveying, design, analysis, and documentation solution for civil engineering; AutoCAD, which is a customizable and extensible CAD application for design, drafting, detailing, and visualization; Computer-aided manufacturing (CAM) Solutions, which is a CAM software that provides solutions for Computer Numeric Control machining, inspection, and modeling for manufacturing; and Inventor, which provides tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation.
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Buy (3.38 out of 4)