Autodesk Announces Intent to Acquire Robobat
SAN RAFAEL, Calif., Nov. 15 -- Autodesk, Inc. (NASDAQ: ADSK) 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.
Further information on potential factors that could affect the financial results of Autodesk are included in the company's reports on Form 10-K for the year ended January 31, 2007, and Form 10-Q for the quarter ended July 30, 2007 which are on file with the Securities and Exchange Commission.
About Autodesk
Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit www.autodesk.com/.
Press Contact:
Noah Cole
+1-503-707-3872
Email: noah.cole@autodesk.com
Press Contact:
Elizabeth Bennett
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Email: elizabeth.bennett@edelman.com
SOURCE: Autodesk, Inc.
Web site: www.autodesk.com/
