CIMdata PLM Industry Summary Online Archive
November 15, 2007
Acquisitions
Autodesk Announces Intent to Acquire Robobat
Autodesk, Inc. today announced its intent to acquire Robobat, a privately held company based in Grenoble, France that specializes in analysis, design, and steel and concrete detailing software for the structural engineering industry for approximately $42.5 million in USD cash subject to a working capital adjustment. The addition of Robobat technology to the Autodesk portfolio supports the company's vision for building information modeling (BIM) and will enable Autodesk to develop structural analysis and detailing solutions that leverage the information at the heart of BIM from design to fabrication.
"Over the past year Autodesk and Robobat have continued to work closely on product integration and to resolve the business issues that prevented Autodesk from completing the acquisition in 2006," said Jay Bhatt, senior vice president, Autodesk AEC Solutions. "We look forward to finally integrating these new solutions into our portfolio while continuing to invest in our relationships with other structural analysis partners around the world".
Autodesk will provide further details about the acquisition once the transaction has closed.
Business Outlook
This transaction is expected to decrease targeted GAAP earnings per diluted share by $0.01 in fiscal 2008 and $0.01 in fiscal 2009. 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 or fiscal 2009.
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