Deal Would Expand Autodesk Electrical Computer-aided Design Choices for
Controls Designers SAN RAFAEL, Calif., and MUNICH, Germany, Aug. 20 /PRNewswire-FirstCall/
-- Further enhancing its Digital Prototyping Solution for
manufacturing, Autodesk, Inc. (Nasdaq: ADSK), a leader of design innovation
software and technologies, today announced that it has signed a definitive
agreement with Mensch und Maschine Deutschland GmbH, a member of the Mensch
und Maschine group, to acquire substantially all of the assets -- including
the ECSCAD product line -- of Elektro-CAE-Software GmbH (ECS), a premier
solution provider of electrical computer-aided design (CAD) software. Terms
of the acquisition were not disclosed.
The agreement shows Autodesk's commitment to creating the most
comprehensive and versatile electrical CAD software offering in the market,
and is expected to expand the reach of Autodesk electrical CAD solutions to
industry segments in the European marketplace that rely on database-driven
methods for their designs. The acquisition complements AutoCAD Electrical
software, which is used to quickly create accurate schematic-based design.
As both product lines are built on the AutoCAD platform, Autodesk will be
positioned to enhance functionality and performance for both ECSCAD and
AutoCAD Electrical customers, and create even more powerful tools for
electrical controls design. The transaction is expected to close in Q3 of
Autodesk's fiscal year and is subject to customary closing conditions
including regulatory approvals.
"Autodesk can better serve electrical controls designers in Europe by
offering the best solution for even the largest-scale projects," said
Robert "Buzz" Kross, Autodesk Manufacturing Solutions senior vice
president. "The addition of ECS technologies enhances the Autodesk solution
for Digital Prototyping and helps a larger audience to create complete
digital prototypes that integrate both mechanical and electrical designs."
"Extending Autodesk electrical CAD capabilities with
Elektro-CAE-Software solutions opens the door to new and enhanced workflows
currently unavailable from either drawing-centric or database-driven
electrical CAD software alone," said Guenter Manz, Managing Director,
Elektro-CAE-Software. "Together, ECS and Autodesk solutions will give
controls designers the ability to choose the tools and methods that best
fit their design requirements."
About Mensch und Maschine Software
Mensch und Maschine Software SE (M+M) is a leading European supplier of
Computer-Aided Design and Manufacturing (CAD/CAM) software with locations
in Germany, Austria, Switzerland, France, Italy, UK, Belgium, Sweden,
Poland, Romania, USA, Japan and APAC. M+M's diversified product range
includes CAD/CAM solutions in different price / performance areas for key
industries (e.g. mechanical and electrical engineering, architecture,
geography). The company was founded in 1984 and is headquartered in
Wessling near Munich. In 2007, group sales of EUR 212.9 million were
achieved with 327 employees. M+M is listed on the Prime Segment of
Frankfurt Stock Exchange.
About Elektro-CAE-Software
ECS was founded in 1993 and is located in Donzdorf next to Stuttgart.
ECS is one of the leading suppliers for databases oriented ECAD systems.
The main focus of ECS is historically the mechanical engineering market but
recently the number of users of energy suppliers and plant construction
companies are growing. These customers use ecscad for electrical
engineering and development of larger plants and benefit from the database
oriented online multiuser concept of ecscad.
About Autodesk
Autodesk, Inc. is the world leader in 2D and 3D design software for the
manufacturing, building and construction, and media and entertainment
markets. Since its introduction of AutoCAD software in 1982, Autodesk has
developed the broadest portfolio of state-of-the-art digital prototyping
solutions to help customers experience their ideas before they are real.
Fortune 1000 companies rely on Autodesk for the tools to visualize,
simulate and analyze real-world performance early in the design process to
save time and money, enhance quality and foster innovation. For additional
information about Autodesk, visit http://www.autodesk.com.
Safe Harbor
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding the impact of the
acquisition on Autodesk's product offerings and the performance of its
business. Factors that could cause actual results to differ materially
include the following: difficulties encountered in integrating merged
businesses; whether certain market segments grow as anticipated; the
competitive environment in the software industry and competitive responses
to the acquisition; and whether the companies can successfully develop new
products or modify existing products and the degree to which these gain
market acceptance.
Further information on potential factors that could affect the
financial results of Autodesk are included in the company's reports on Form
10-K for the year ended January 31, 2008, and Form 10-Q for the quarter
ended April 30, 2008, which are on file with the Securities and Exchange
Commission.
Autodesk and AutoCAD 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 offerings and specifications at any time without notice, and is not
responsible for typographical or graphical errors that may appear in this
document.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO)
Media
Noah Cole
Tel: +1-415-200-6310
Email: noah.cole@autodesk.com
Investors
David Gennarelli
Tel: +1-415-507-6033
Email: david.gennarelli@autodesk.com
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SOURCE Autodesk, Inc.
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Related links:
http://www.autodesk.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
media, Noah Cole, +1-415-200-6310,
noah.cole@autodesk.com; or investors, David Gennarelli,
+1-415-507-6033, david.gennarelli@autodesk.com, both of Autodesk,
Inc.
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