Autodesk Acquires Assemble Systems to Strengthen Building Project Lifecycle; Continues Autodesk's Investment in Construction Tech
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SAN RAFAEL, Calif. — On July 9, 2018, Autodesk, Inc. (NASDAQ: ADSK) made a significant move in the construction technology space by acquiring Assemble Systems, a Boston-based company known for its innovative SaaS platform. This acquisition is part of Autodesk's broader strategy to bring more digital tools into the construction industry, helping professionals streamline their workflows and improve project outcomes.
Assemble Systems offers a cloud-based solution that allows construction teams to manage and integrate BIM (Building Information Modeling) data across key areas such as estimating, scheduling, site management, and finance. The company’s platform enables users to extract valuable insights from BIM models, drawings, and point clouds, making it easier to connect design data with real-world construction activities.
The integration of Assemble Systems’ technology with Autodesk’s BIM 360 platform is expected to enhance collaboration and efficiency throughout the construction lifecycle. By connecting data from the design phase all the way through to on-site execution, Autodesk aims to make preconstruction planning more predictable and profitable.
Andrew Anagnost, President and CEO of Autodesk, welcomed the team from Assemble Systems, stating, “We are committed to transforming the construction industry through digital innovation. This acquisition will help us deliver the tools needed to make construction projects more efficient and successful.â€
Don Henrich, CEO of Assemble Systems, expressed his excitement about joining forces with Autodesk, saying, “Autodesk has been a strong partner and investor in our growth. We’re thrilled to be part of this next chapter and continue driving value through BIM data across construction workflows.â€
With over 174 customers and 1,000 sites managing 12,700 projects, Assemble Systems has already proven its value in the market. Its solutions are used by a significant portion of the ENR 400 list, highlighting its impact in the industry.
This acquisition is not expected to affect Autodesk’s financial guidance issued earlier in 2018. The deal was financed using a combination of cash and stock, with Autodesk committing to repurchase shares to offset any dilution caused by the transaction.
Looking ahead, Autodesk remains focused on expanding its digital ecosystem in the AEC (Architecture, Engineering, and Construction) sector. With the addition of Assemble Systems, the company is well-positioned to support the evolving needs of construction professionals worldwide.
For more details, you can visit the official fact sheet or check out the frequently asked questions section on Autodesk’s website.
This press release includes forward-looking statements that involve risks and uncertainties. Actual results could differ materially due to various factors, including integration challenges, market conditions, and competitive pressures. For more information, please refer to Autodesk’s SEC filings.
About Assemble Systems:
Assemble Systems delivers a powerful SaaS platform that helps construction professionals manage and leverage BIM data across critical project workflows. Learn more at www.assemblesystems.com.
About Autodesk:
Autodesk creates software that empowers people to design and build a better world. From architecture to engineering, manufacturing to media and entertainment, Autodesk provides the tools that turn ideas into reality.
© 2018 Autodesk, Inc. All rights reserved.
*Autodesk and BIM 360 are registered trademarks of Autodesk, Inc. All other trademarks are the property of their respective owners.*