Autodesk Signs Agreement To Acquire Structural Fabrication And Detailing Technology From Graitec
Inc. (NASDAQ: ADSK) has signed a definitive agreement with the
shareholders of Graitec to acquire certain technology assets, including
Graitec’s Advance Steel and Advance Concrete product lines, and
Autodesk, Inc. (NASDAQ: ADSK) has signed a definitive agreement with the shareholders of Graitec to acquire certain technology assets, including Graitec’s Advance Steel and Advance Concrete product lines, and associated employees. The acquisition will enhance Autodesk’s current offerings for structural engineering and expand its portfolio of technology for Building Information Modeling (BIM) for structural fabrication and detailing. Through the proposed acquisition, Autodesk will continue to lead the industry’s migration to BIM and evolution of model-based workflows for structural engineers, detailers, fabricators and contractors who provide modeling, analysis, detailing, and production services. The transaction is expected to close in the 4th quarter of fiscal year 2014 and is subject to customary closing conditions. The financial terms of the transaction were not disclosed. “Autodesk continues to extend Building Information Modeling across the building lifecycle. The proposed acquisition of the Graitec technology will provide our customers with a more seamless structural engineering workflow, from design to fabrication and to construction, with enhanced offerings for structural steel and concrete detailing,” said Amar Hanspal, Autodesk senior vice president of Information Modeling and Platform Products. “We look forward to welcoming Graitec employees, customers and partners to the Autodesk community.” Graitec is a global provider of CAD and engineering software for structural engineering, civil engineering and building construction headquartered in France. Graitec’s Advance Steel and Advance Concrete products offer modeling, detailing, and fabrication solutions to support BIM-based steel and reinforced concrete workflows. Graitec will to continue to sell and support Advance Steel and Advance Concrete, as well as sell, support, and develop its remaining products for structural engineering. "Autodesk's acquisition of the Advance Steel and Advance Concrete products in support of its BIM strategy is a testament to the expertise of the Graitec team and the quality of our steel and concrete detailing solutions," said Francis Guillemard, CEO, Graitec. "Graitec continues to develop dedicated BIM software and services that are complementary to Autodesk, and together we look forward to maximizing the efficiency and performance of the global construction industry."