Autodesk Completes Acquisition of Robobat
Acquisition Extends Autodesk's Leadership in Structural Engineering
SAN RAFAEL, Calif., Jan. 15 / -- Autodesk, Inc. (NASDAQ: ADSK) today 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.
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 http://www.autodesk.com/.
SOURCE: Autodesk, Inc.
CONTACT: Noah Cole of Autodesk, Inc., +1-415-200-6310, noah.cole@autodesk.com
Web site: http://www.autodesk.com/
