SAN RAFAEL, CA -- Autodesk, Inc. (Nasdaq: ADSK - News), a world leader in design innovation technologies, announced today that it has signed a definitive agreement to acquire ALGOR, Inc., a leading provider of analysis and simulation software, for approximately $34 million.
Headquartered in Pittsburgh, Pennsylvania, ALGOR's computer aided engineering software is used for product design and development in the automotive, aerospace, medical, consumer products, defense, energy and utilities industries. The acquisition will strengthen the Autodesk solution for Digital Prototyping with new advanced simulation functionality, including multiphysics, mechanical event simulation and fluid flow.
Product Integration
ALGOR's software and services enable complex simulations on products ranging from mobile phones and printer cartridges to oil pipelines. Following the acquisition, Autodesk customers will have the opportunity to perform even more sophisticated analysis based on real-world structural and thermal conditions, allowing mechanical engineers to make informed product development decisions.
Upon completion of the acquisition, Autodesk's current intent is to integrate ALGOR into its Manufacturing Solutions business unit and to continue developing and selling ALGOR's core product line. Autodesk plans to continue developing the ALGOR products with an open approach, allowing direct data exchange between ALGOR products and multiple computer aided design software offerings.
The transaction is subject to customary closing conditions, and is expected to close in the fourth quarter of fiscal 2009.
www.autodesk.com
::Design World::