Autodesk Acquisition Expands Additive Manufacturing Software Portfolio
September 24 2015 - 8:00AM
Business Wire
Autodesk Signs Agreement to Acquire netfabb and Enter Strategic
Partnership with FIT AG.
Autodesk, Inc. (Nasdaq: ADSK) has signed a definitive agreement
to acquire netfabb, a Lupburg, Germany-based developer of software
solutions for industrial additive design and manufacturing.
Autodesk will also make a strategic investment in FIT Technology
Group, the parent company of netfabb and provider of additive
manufacturing software and services. The two companies will
collaborate to increase adoption of technology for industrial
additive manufacturing.
Autodesk plans to use foreign capital for the transaction, which
is expected to close in Autodesk’s Q4 FY2016. Terms of the
transaction were not disclosed.
“Autodesk has always been impressed by FIT’s track record in
creating powerful solutions to meet the challenges of industrial
additive manufacturing and together we will accelerate a new future
of making things,” said Samir Hanna, Autodesk vice president and
general manager, Consumer & 3D Printing. “We look forward to
welcoming the netfabb team to Autodesk and helping designers and
manufacturers worldwide take 3D printing beyond prototyping and
plastics, to reliably creating production-grade parts at
scale.”
More than 80,000 designers, manufacturers, artists, researchers
and developers worldwide currently use netfabb solutions as part of
their 3D printing process. Autodesk plans to support and expand
this community by continuing to develop, sell and support netfabb
software as well as integrate netfabb technology into Autodesk’s
solutions for product design and additive manufacturing, including
Autodesk Fusion 360 the Spark 3D printing platform.
“Autodesk shares FIT’s goal of delivering high quality
industrial additive manufacturing. We’re looking forward to
cooperating with Autodesk – our newest investor– and we are
confident that netfabb will continue to thrive and grow as part of
Autodesk,” said Carl Fruth, CEO, FIT AG, parent company of the FIT
Technology Group.
Business Outlook
This transaction is expected to have no impact on Autodesk’s
guidance issued on, August 27, 2015.
Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding:
the impact of the acquisition and strategic investment on
Autodesk's guidance issued on August 27, 2015, our business
performance, and product and services offerings; the impact of the
transactions on Autodesk's and netfabb’s products and services
capabilities, customers, and partners; and Autodesk’s plans to
develop new technology for advanced manufacturing and expand the
Spark 3D printing platform. Factors that could cause actual results
to differ materially include the following: Autodesk’s ability to
timely close the acquisition of netfabb and successfully integrate
the business; costs related to the acquisition and strategic
investment; whether demand for the 3D printing grows as
anticipated; the competitive environment in the manufacturing
industries and competitive responses to the acquisition; Autodesk
and netfabb success developing new products or modifying existing
products and the degree to which these gain market acceptance;
general market and business conditions; and unanticipated impact of
accounting for acquisitions. Further information on potential
factors that could affect the financial results of Autodesk are
included in the company's annual report on Form 10-K for the year
ended January 31, 2015, and Form 10-Q for the quarter ended July
31, 2015, which are on file with the Securities and Exchange
Commission. Autodesk does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were
made.
About Autodesk
Autodesk helps people imagine, design and create a better world.
Everyone—from design professionals, engineers and architects to
digital artists, students and hobbyists—uses Autodesk software
to unlock their creativity and solve important challenges. For more
information visit autodesk.com or follow @autodesk.
Autodesk and the Autodesk logo 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 and services
offerings, and specifications and pricing at any time without
notice, and is not responsible for typographical or graphical
errors that may appear in this document.
© 2015 Autodesk, Inc. All rights reserved.
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Autodesk, IncNoah Cole, Phone
+1-415-580-3535noah.cole@autodesk.com
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