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Home arrow News arrow Mergers and Acquisitions arrow Autodesk Completes Acquisition of Moldflow Corporation
Autodesk Completes Acquisition of Moldflow Corporation Print E-mail
Written by Anand   
Thursday, 26 June 2008
Enhances Autodesk Digital Prototyping Solution For Plastic Parts Market

Autodesk, Inc.(NASDAQ: ADSK) today completed its acquisition of Moldflow Corporation. Moldflow is a leading provider of software solutions that allow designers to predict and optimize how plastic components will perform during each phase of the design and manufacture process.

Autodesk announced its intent to acquire Moldflow on May 1, 2008.

"Autodesk sees plastics and composites as some of the fastest-growing engineering materials," said Carl Bass, Autodesk president and CEO.

"Given its relatively low weight and durability, plastic materials are ideally suited to help our customers attain their sustainability initiatives. Moldflow, with its industry-leading plastics simulation, is a natural extension of Autodesk's Digital Prototyping solution."

Autodesk acquired Moldflow for $22 per share, or approximately $297 million, less the amount in Moldflow's cash balance and proceeds from options exercises.

 
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