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Autodesk Closes NavisWorks' Acquisition For $26 Million
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The two plan to jointly develop and deliver a comprehensive suite of solutions for design and construction.
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Monday, August 13, 2007:
Autodesk, Inc. has completed the acquisition of NavisWorks for a purchase price of $26 million, plus a working capital adjustment. The acquisition extends Autodesk's 3D software leadership in the architecture, engineering, construction (AEC), shipbuilding and plant design industries.
The addition of NavisWorks technology to the Autodesk portfolio will help enable Autodesk customers to aggregate design information from multiple platforms, including both Autodesk and non-Autodesk solutions.
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According to Jay Bhatt, senior vice president, AEC solutions, Autodesk, "Autodesk remains committed to providing the industry with tools like NavisWorks that help AEC professionals consolidate disparate forms of data in order to execute on their mission critical workflows."
This transaction is expected to decrease targeted GAAP earnings per diluted share by $0.01 in fiscal 2008. Excluding in-process R&D expenses and the amortisation of acquisition-related intangibles, this transaction is expected to have no impact on targeted non-GAAP earnings per diluted share for fiscal 2008, the company said.
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