CIMdata PLM Industry Summary Online Archive
18 February 2005
Acquisitions
Autodesk Signs Definitive Agreement to Acquire COMPASS Systems
Autodesk, Inc. announced an agreement to acquire all assets of COMPASS systems GmbH, a European-based developer of the COMPASS family of data management solutions, for 13 million Euros. COMPASS is a leader in the European data management market, and COMPASS customers include more than 20,000 users in 1,800 manufacturing companies.
Autodesk plans to continue offering the COMPASS solution in key European markets and supporting COMPASS customers, while leveraging COMPASS systems' experience in its continuing development of Autodesk's data management solution, featuring Autodesk ProductstreamT.
Through the combination of Autodesk and COMPASS expertise, technology and partners, Autodesk will better enable customers to accelerate information exchange and more efficiently create, manage and share design data. Customers will benefit from a comprehensive data management solution that makes the production and delivery of products more timely and cost efficient.
The acquisition, which is expected to close in March of 2005, will allow Autodesk to more quickly expand its data management solution, and deliver on its commitment to provide a comprehensive data management solution for small- and medium-size manufacturers.
"This is a clear indicator of our commitment to be a major player in the Product Lifecycle Management market," said Robert Kross, vice president of Autodesk's Manufacturing Solutions Division. "By combining our collective experience in the data management market with our strength in product design, we are extremely well positioned to extend the value of design information across the manufacturing organization and supply chain."
Karl Weber, president of COMPASS systems, added "We are very pleased to join forces with a market leader like Autodesk. Our focus on engineering- driven data management and the clear synergies between our channels and products make this acquisition logical for our companies as well as beneficial to our customers."
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