Autodesk, Inc. has signed a definitive agreement with the shareholders of Graitec to acquire certain technology assets, including Graitec’s Advance Steel and Advance Concrete product lines, and associated employees. The acquisition will enhance Autodesk’s current offerings for structural engineering and expand its portfolio of technology for Building Information Modeling (BIM) for structural fabrication and detailing. Through the proposed acquisition, Autodesk will continue to lead the industry’s migration to BIM and evolution of model-based workflows for structural engineers, detailers, fabricators and contractors who provide modeling, analysis, detailing, and production services. The transaction is expected to close in the 4th quarter of fiscal year 2014 and is subject to customary closing conditions. The financial terms of the transaction were not disclosed.
Graitec is a global provider of CAD and engineering software for structural engineering, civil engineering and building construction headquartered in France. Graitec’s Advance Steel and Advance Concrete products offer modeling, detailing, and fabrication solutions to support BIM-based steel and reinforced concrete workflows. Graitec will to continue to sell and support Advance Steel and Advance Concrete, as well as sell, support, and develop its remaining products for structural engineering.