Autodesk Announces Intent to Acquire 3D Geo, Leader in Geospatial Infrastructure and Urban Modeling Solutions
SAN RAFAEL, Calif., Aug. 11 /PRNewswire-FirstCall/ -- Autodesk, Inc. (Nasdaq: ADSK) today announced that it has signed a definitive agreement to acquire substantially all the assets of 3D Geo GmbH, a privately held maker of intelligent 3D urban models software, based in Potsdam, Germany. 3D Geo offers software and services for geo-visualization: solutions for effectively creating, analyzing, managing, and distributing large-scale geo information.
This acquisition would augment Autodesk's offerings for utilities, telecommunication firms, and state and local governments. Financial terms of the transaction were not disclosed.
"We look forward to welcoming the 3D Geo team," said Lisa Campbell, vice president, Autodesk Geospatial. "Their success and commitment to building great 3D urban modeling and visualization software should provide a critical component of the overall solution for our customers."
"We believe that Autodesk and 3D Geo together can accelerate our mutual vision to develop integrated world-class customer solutions," said Marc Hildebrandt, managing director of 3D Geo.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the performance of its business. Factors that could cause actual results to differ materially include the following: difficulties encountered in closing and subsequently integrating 3D Geo's business; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the acquisition; and whether Autodesk can successfully develop new products or modify existing products and the degree to which these gain market acceptance.
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/.
About 3D Geo
3D Geo GmbH, a spin-off company of the Hasso Platter Institute, is a pioneer in the field of geo-visualization software. The company employs the best research data available in order to produce its market-leading software. The products of 3D Geo are made in accordance with international standards such as CityGML. For additional information about 3D Geo, please visit http://www.3dgeo.de or http://www.LandXplorer.com
Autodesk and AutoCAD are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates 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 this document.
(C) 2008 Autodesk, Inc. All rights reserved.
Brett Smith, 415-547-2405
SOURCE Autodesk, Inc.
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