CFD Review  
Serving the CFD Community with News, Articles, and Discussion
CFD Review

User Preferences
Site Sponsorship
Headline Feeds
Mobile Edition
Privacy Policy
Terms of Service

Submit a CFD Story

Site Sponsors
The Choice for CFD Meshing
CFD Review

Tell a Friend
Help this site to grow by sending a friend an invitation to visit this site.

CFD News by Email
Did you know that you can get today's CFD Review headlines mailed to your inbox? Just log in and select Email Headlines Each Night on your User Preferences page.

Autodesk Announces Intent to Acquire Moldflow for $297M
Posted Fri May 02, 2008 @02:51PM
Print version Email story Tweet story
News Autodesk, Inc. (Nasdaq: ADSK), a leader of design innovation software and technologies, today announced that it has signed a definitive agreement to acquire Moldflow (Nasdaq: MFLO), 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.

The transaction will be structured as a cash tender offer for all the outstanding shares of Moldflow common stock, is subject to customary closing conditions including regulatory approvals, and is expected to close in the second calendar quarter of 2008.

Sponsor CFD Review

This agreement demonstrates Autodesk’s commitment to provide a comprehensive Digital Prototyping solution to manufacturers of all sizes, giving them the ability to optimize, validate and improve their designs earlier in the process. The acquisition will make analysis capabilities for plastics manufacturing available to manufacturers using Autodesk Digital Prototyping solution. Autodesk is committed to supporting Moldflow customers once the transaction is closed and integrating them into the Autodesk manufacturing community.

Autodesk will acquire Moldflow for $22 per share, or approximately $297 million, less the amount of Moldflow’s cash balance at the time of closing and proceeds from options exercises. Headquartered in Framingham, Mass., Moldflow has research and development offices in Melbourne, Australia, and Ithaca, N.Y., as well as sales offices in various geographies around the world. Moldflow has 285 employees and reported revenues for its fiscal 2007 of $55.9 million.

“Moldflow is a leader in computer integrated manufacturing and brings strong analysis and simulation capabilities to our Digital Prototyping solution,” said Carl Bass, Autodesk president and CEO. “Their strong brand recognition will further enhance our leadership in Digital Prototyping by bringing best-of-class simulation and optimization into our portfolio. The products of Autodesk and Moldflow are very complementary, and combining our product lines will expand the product offerings available to Autodesk’s customers.”

“We see strong synergies between Moldflow and Autodesk and are very excited about this transaction,” said Roland Thomas, president and CEO, Moldflow. “By combining Autodesk’s and Moldflow’s complementary product offerings, we can provide a wide and advanced range of software solutions to allow customers to address the challenges involved in the designing and manufacturing of injection molded plastic parts. The combined product capabilities for analysis and simulation will provide a fully optimized digital process for part design, tool design and part production, helping companies reduce their product development costs and increase their time to market.”

The underlying strength of Autodesk’s business remains strong. Absent the impact of this acquisition, the company is not changing any of its previously issued guidance.

[ Post Comment ]

Blue Ridge Numerics Named Autodesk Preferred Industry Partner | STAR-Tutor Virtual Classroom Schedule  >


CFD Review Login
User name:


Create an Account

Related Links
  • Autodesk
  • Moldflow
  • More on News
  • Also by nwyman
  • This discussion has been archived. No new comments can be posted.

    You have a truly strong individuality. All content except comments
    ©2018, Viable Computing.

    [ home | submit story | search | polls | faq | preferences | privacy | terms of service | rss  ]