Autodesk Inc. signed a definitive agreement to acquire Algor Inc., a provider of analysis and simulation software, for approximately $34 million. The move adds adds additional simulation capabilities to Autodesk design software.
San Rafael, CA – Autodesk Inc. has signed a definitive agreement to acquire Algor Inc., a provider of analysis and simulation software, for approximately $34 million. Algor , based in Pittsburgh, PA, makes computer-aided engineering software for product design and development in automotive, aerospace, medical, consumer products, defense, energy, and utilities industries. The acquisition strengthens Autodesk’s solution for digital prototyping with advanced simulation functionality, including multiphysics, mechanical event simulation, and fluid flow.“ Autodesk strives to offer manufacturers the most comprehensive and easy-to-use digital prototyping solution on the market,” said Robert Kross, senior vice president of Autodesk Manufacturing Solutions. “The acquisition of Algor will add significant new capabilities to virtually test and predict the impact of simultaneous real world conditions like heat and pressure on product designs.”Michael Bussler, president and founder of Algor, added, “Since 1976, Algor’s accurate, easy-to-use analysis and simulation tools have helped mechanical engineers make better, safer products at a lower cost. We have enjoyed a long-standing partnership with Autodesk, and the combination of our proven technologies will be an exciting new chapter for our customers worldwide.”Algor’s software and services enable complex simulations on products ranging from mobile phones and printer cartridges to oil pipelines. Following the acquisition, Autodesk customers will have the opportunity to perform sophisticated analysis based on real-world structural and thermal conditions. Autodesk plans to integrate Algor into its Manufacturing Solutions business unit and to continue developing and selling Algor products, as well as develop products with an open approach, allowing direct data exchange between them and multiple computer-aided design software. Learn about current Autodesk simulation capabilities .The transaction is expected to close in the fourth quarter of fiscal 2009.In other recent acquisition news,
Bay-Tec will expand Emerson’s capabilities
, while
Bosch Rexroth brings in MSG Maschinen und Stahlbau GmbH to its German holdings
.
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