SAN RAFAEL, Calif., Nov. 15 /PRNewswire-FirstCall/ -- 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.
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.
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 per share, 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, 2007, and Form 10-Q for the quarter ended July 30, 2007
which are on file with the Securities and Exchange Commission.
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,
Autodesk and AutoCAD are registered trademarks or trademarks of Autodesk,
Inc., in the USA and/or other countries. All other brand names, product names,
or trademarks belong to their respective holders. Autodesk reserves the right
to alter product offerings and specifications at any time without notice, and
is not responsible for typographical or graphical errors that may appear in
(C) 2007 Autodesk, Inc. All rights reserved.
Press Contact: Noah Cole, +1-503-707-3872
Press Contact: Elizabeth Bennett, +1-503-471-6831
SOURCE Autodesk, Inc. 11/15/2007
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