CIMdata PLM Industry Summary Online Archive
15 January 2008
Acquisitions
Autodesk Completes Acquisition of Robobat
Autodesk, Inc. announced that it has completed the acquisition of Robobat for approximately $42.5 million in USD cash subject to a working capital adjustment. On November 15, 2007, Autodesk announced an agreement to acquire Robobat, a privately-held company based in Grenoble, France, that provides software for structural engineering analysis, design, and steel and concrete detailing. The acquisition complements Autodesk's current structural engineering software offerings and will help Autodesk provide a more complete set of well integrated solutions to the structural engineering industry.
Autodesk's acquisition of Robobat 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. Autodesk plans to continue support for current Robobat products while working to develop new solutions for structural engineering, detailing and analysis that incorporate both Robobat and Autodesk technology.
"We're happy to welcome Robobat customers, partners, and employees to the Autodesk community," said Jay Bhatt, Autodesk senior vice president, architecture, engineering and construction (AEC). "And we're particularly excited to integrate the Robobat technology with Revit Structure, which will further extend the power of BIM to structural engineers, designers and drafters around the world."
"Robobat is excited to join Autodesk and introduce our software to new audiences around the world," said Andre Niznik, CEO, Robobat. "We also look forward to incorporating Robobat and Autodesk technology to create innovative new solutions for our structural engineering customers."
The combined company provides software to many of the world's leading engineering firms including Arup, Buro Happold, Thorton-Tomasetti, WSP Cantor Seinuk, and Walter P. Moore. Autodesk's structural engineering software has been used on many high-profile projects including the Freedom Tower, Stade de France, Shanghai South Rail Station, Athens Olympic Stadium, Millau Viaduct, and the hangar for the Airbus A380 aircraft.
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.
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.