CIMdata PLM Industry Summary Online Archive
10 March 2011
Acquisitions
Autodesk Completes Acquisition of Blue Ridge Numerics, Inc.
Autodesk, Inc. announced that it has completed the acquisition of Blue Ridge Numerics, Inc., a leading simulation software provider, for approximately $39 million in cash, subject to a working capital adjustment. Autodesk announced its intent to purchase Blue Ridge Numerics on Feb. 17, 2011.
The addition of Blue Ridge Numerics’ CFdesign software will enhance the Autodesk solution for Digital Prototyping with powerful thermal and fluid flow simulation capabilities, enabling mechanical and building system engineers to virtually test and predict real-world behavior of designs and eliminate expensive physical prototyping cycles in the lab.
“Simulation is critical for product or building system designers to be successful and to compete more effectively,” said Robert “Buzz” Kross, senior vice president, Manufacturing Industry Group at Autodesk. “Autodesk customers can now better understand the impact of fluid flow and heat transfer on their designs before they are built, helping to improve quality and drive profitability.”
Business Outlook
This transaction is expected to have no impact on guidance issued on Feb. 24, 2011.
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