Autodesk to Acquire Structural Engineering Software Provider
Robobat
Acquisition Extends Autodesk's Leadership in
Structural Engineering Space
SAN RAFAEL, Calif., September 6, 2006 - Autodesk, Inc.
(NASDAQ: ADSK) today announced that it has signed a
definitive 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, for $33 million
in USD cash, subject to a working capital adjustment.
The acquisition will complement Autodesk’s current
software offerings to the structural engineering
industry, AutoCAD and Autodesk Revit Structure, and will
also help Autodesk provide an increasingly complete set
of well-integrated solutions to the structural
engineering community.
“We are pleased to welcome Robobat, their
industry-leading software and technology and their
community of customers to Autodesk” said Jay Bhatt, vice
president, Autodesk Building Solutions. “As we enhance
our comprehensive solutions for structural engineering,
Autodesk remains committed to supporting our customer’s
choice of structural analysis and detailing software. We
will continue to support open data exchange standards
and to work closely with our strategic structural
engineering partners to support the many different ways
that structural engineers around the world use software
to work and realize their ideas.”
Robobat, a leading supplier of software solutions for
structural engineering, was founded in 1988 and is
headquartered in Grenoble, France and has a significant
operation in Krakow, Poland. Its software has been used
by structural engineers around the world on projects
including the Stade de France, the proposed Shanghai
South Rail Station and the new hangar for the Airbus
A380 aircraft. Robobat ROBOT Millennium, a structural
analysis and design solution for structural engineering,
has been integrated with Autodesk Revit Structure, and
Robobat has also developed steel and concrete detailing
software on the AutoCAD platform. Autodesk currently
plans to offer new solutions for structural engineering,
detailing and analysis that incorporate both Robobat and
Autodesk technology, and to continue supporting
Robobat’s existing product line.
“Robobat and Autodesk share a vision for building
information modeling (BIM) and the use of information
technology for structural engineering,” said Andre
Niznik, CEO, Robobat. “We have partnered with Autodesk
to integrate Robobat ROBOT Millennium with Autodesk
Revit Structure and developed software that integrates
with other Autodesk products for many years. We are
excited to join Autodesk and are confident that both
Autodesk and Robobat customers will benefit from this
acquisition.”
About Autodesk Revit Structure
Autodesk Revit Structure is building information
modeling (BIM) software for structural engineering and
documentation that can increase efficiency, accuracy,
and design flexibility. Revit Structure integrates a
physical model—for layout, coordination, and
documentation—with an independently editable analytical
model for multiple analyses, and was released last year
in the United States and Canada. For more information on
Autodesk Revit Structure visit http://www.autodesk.com/structure.
Business Outlook
This transaction is expected to have no impact on
targeted non-GAAP EPS, which excludes in-process R&D
expenses and the amortization of acquisition-related
intangibles, for fiscal 2007.
Safe Harbor Statement
This press release contains forward-looking statements
that involve risks and uncertainties, including
statements regarding the impact of the acquisition on
Autodesk’s earnings, product offerings and the
performance of its business. Factors that could cause
actual results to differ materially include the
following: difficulties encountered in integrating
merged businesses; whether certain market segments grow
as anticipated; the competitive environment in the
software industry and competitive responses to the
acquisition; and whether the companies can successfully
develop new products or modify existing products and the
degree to which these gain market acceptance.
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, 2006, and Form 10-Q for the quarter ended
April 30, 2006 which are on file with the Securities and
Exchange Commission.
About Robobat
Robobat writes and distributes market leading analysis,
design and drafting software solutions for structural
engineers that help clients to integrate the various
facets of the structural engineering process, thereby
improving accuracy, efficiency and profitability. More
than 10000 licenses of Robobat software are in use in
over 100 countries around the world. Founded in 1988,
Robobat is an ISO 9001 accredited company headquartered
in Grenoble, France with subsidiaries and resellers
around the world.
Email:
jond@whiteoaks.co.uk
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