Autodesk has officially completed its acquisition of Delcam, a leading global provider of advanced computer-aided manufacturing (CAM) software. The deal, announced on November 7, 2013, was valued at £20.75 per share, totaling approximately £172.5 million (~USD $286 million), and was funded using non-U.S.-based cash. Delcam will remain an independent subsidiary under Autodesk, with no major changes expected to its operations or business structure.
Clive Martell, CEO of Delcam, expressed confidence in the partnership, stating that Autodesk brings strong financial backing, deep design expertise, and a history of making technology accessible to a wide audience. He emphasized that this merger would drive innovation across industries and enhance how products are designed and manufactured globally. “By preserving Delcam’s current structure, Autodesk is showing its trust in our team, solutions, and vision,†he added.
Based in Birmingham, UK, Delcam offers a comprehensive range of design, manufacturing, and inspection software used across various sectors, including aerospace, automotive, consumer goods, and sports equipment. The company operates through over 30 offices worldwide and employs around 700 people.
Buzz Kross, Senior Vice President of Design, Lifecycle, and Simulation Products at Autodesk, highlighted the strategic importance of the acquisition. “This move strengthens our position in manufacturing and fabrication, expanding beyond our traditional design roots. We look forward to combining forces with Delcam to develop more robust digital prototyping solutions and improve the overall manufacturing experience.â€
Autodesk expects the transaction to have a modest dilutive effect on its non-GAAP earnings in fiscal 2015 but anticipates it will be accretive in fiscal 2016. Further details will be shared during the company’s fourth-quarter conference call scheduled for February 26, 2014.
The acquisition includes forward-looking statements, which involve risks and uncertainties. Factors such as integration challenges, market growth, competition, and product development could affect the actual outcomes. For more information, refer to Autodesk’s SEC filings.
About Autodesk:
Autodesk empowers creators, engineers, and innovators to imagine, design, and build a better future. From architects to artists, students to professionals, the company’s software tools help solve complex problems and bring ideas to life. Learn more at [autodesk.com](https://www.autodesk.com) or follow @autodesk on social media.
*Note: This statement regarding earnings is not a forecast and should not be interpreted as an indication of future performance. Actual results may vary due to factors like stock-based compensation and intangible asset amortization.*
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**Contact:**
Autodesk
Media Contact: Noah Cole – +1 415-580-3535
Investor Contact: David Gennarelli – +1 415-507-6033
Delcam
Media Contact: Peter Dickin – +44 121 683 1081
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