CIMdata PLM Industry Summary Online Archive
9 August 2007
Acquisitions
Autodesk Completes Acquisition of NavisWorks
Autodesk, Inc . announced it has completed the acquisition of NavisWorks for a purchase price of $26 million, plus a working capital adjustment. NavisWorks is a privately-held company based in Sheffield, England, that provides software for 3D coordination, collaboration and sequencing in design and construction. This acquisition extends Autodesk's 3D software leadership in the architecture, engineering, construction (AEC), shipbuilding, and plant design industries.
Autodesk and NavisWorks plan to jointly develop and deliver an even more comprehensive suite of solutions for design and construction. The addition of NavisWorks technology to the Autodesk portfolio will help enable Autodesk customers to aggregate design information from multiple platforms, including both Autodesk and non-Autodesk solutions.
"The acquisition of NavisWorks demonstrates Autodesk's efforts to redefine design and extend the value of design data," said Jay Bhatt, senior vice president, Autodesk AEC Solutions. "Autodesk remains committed to providing the industry with tools like NavisWorks that help AEC professionals consolidate disparate forms of data in order to execute on their mission critical workflows."
Business Outlook
This transaction is expected to decrease targeted GAAP earnings per diluted share by $0.01 in fiscal 2008. Excluding in-process R&D expenses and the amortization of acquisition-related intangibles, this transaction is expected to have no impact on targeted non-GAAP earnings per diluted share for fiscal 2008.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.