Posted to News on 27th Jun 2008, 10:06
Autodesk to acquire Moldflow
Autodesk has signed a definitive agreement to acquire Moldflow Corporation, a leading provider of software that allows designers to predict and optimise how plastic components will perform during each phase of the design and manufacture process. The transaction will be structured as a cash tender offer for all the outstanding shares of Moldflow common stock, is subject to customary closing conditions including regulatory approvals, and is expected to close in the second calendar quarter of 2008.
Autodesk says this agreement demonstrates its commitment to provide a comprehensive Digital Prototyping offering to manufacturers of all sizes, giving them the ability to optimise, validate and improve their designs earlier in the process. The acquisition will make analysis capabilities for plastics manufacturing available to manufacturers using Autodesk Digital Prototyping. Autodesk is committed to supporting Moldflow customers once the transaction is closed and integrating them into the Autodesk manufacturing community.
Carl Bass, Autodesk president and CEO, comments: "Moldflow is a leader in computer-integrated manufacturing and brings strong analysis and simulation capabilities to our Digital Prototyping solution. Their strong brand recognition will further enhance our leadership in Digital Prototyping by bringing best-of-class simulation and optimisation into our portfolio. The products of Autodesk and Moldflow are very complementary, and combining our product lines will expand the product offerings available to Autodesk's customers."
Roland Thomas, president and CEO of Moldflow, adds: "We see strong synergies between Moldflow and Autodesk and are very excited about this transaction. By combining Autodesk's and Moldflow's complementary product offerings, we can provide a wide and advanced range of software solutions to allow customers to address the challenges involved in the designing and manufacturing of injection moulded plastic parts. The combined product capabilities for analysis and simulation will provide a fully optimised digital process for part design, tool design and part production, helping companies reduce their product development costs and increase their time to market."
