Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 4, 1:36 PM
| This Slide: #69 of 100 |
Slide #69. Autodesk, Inc. — Innovyze, Inc.
Acquirer:
Autodesk, Inc. (NASDAQ:ADSK)
Acquiree:
Innovyze, Inc.
Details:
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.
Autodesk SEC Filing Email Alerts Service
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Avg. Broker Rec.
 
|
Buy (3.38 out of 4) 52nd percentile
(ranked higher than approx. 52% of all stocks covered)
Analysts' Target Price: ADSK Stock Forecast Based on Zacks ABR data; powered by Xignite |
