Autodesk have announced its intention to acquire Delcam, a leading suppliers of advanced software for the manufacturing industry.
Autodesk plans to acquire Delcam for £20.75 per share or approximately £172.5 million. The transaction will be structured as a cash offer for all the outstanding shares of Delcam and is subject to customary closing conditions including regulatory approvals, the deal is expected to close in Autodesk’s first quarter of fiscal 2015 with the company using its non-U.S.-based cash for the transaction.
Carl Bass, Autodesk president and CEO said;
Today we are taking an important step on our path toward delivering a better manufacturing experience Together Autodesk and Delcam will help further the development and implementation of technology for digital manufacturing.
Headquartered in Birmingham, UK, Delcam is a leading suppliers of advanced CADCAM and industrial measurement solutions for the manufacturing industry. Delcam’s range of design, manufacturing and inspection software provides automated CADCAM solutions for a variety of industries, ranging from aerospace to toys and sports equipment. The company has more than 30 offices worldwide, approximately 600 employees, reported revenues for its fiscal 2012 of £47.1 million.