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Autodesk Completes Acquisition of Delcam
**Public Company Information:**
NASDAQ: ADSK
**SAN RAFAEL, Calif. & BIRMINGHAM, England – (BUSINESS WIRE)** – Autodesk, Inc. (NASDAQ:ADSK) has successfully completed its acquisition of Delcam, a leading global provider of advanced computer-aided manufacturing (CAM) software. On November 7, 2013, Autodesk announced its intention to acquire Delcam for £20.75 per share, totaling approximately £172.5 million (~$286 million USD). The deal was funded entirely through non-U.S.-based cash. As part of this acquisition, Delcam will continue to operate as a fully owned, independent subsidiary of Autodesk, with no major changes planned to its existing operations or leadership.
Clive Martell, CEO of Delcam, expressed his excitement about the partnership, stating, "Autodesk offers Delcam enhanced financial stability, unmatched expertise in design, and a legacy of making technology accessible to broader audiences. By joining forces, we aim to revolutionize industries by improving how the world designs and manufactures products." Martell emphasized that Autodesk's decision to preserve Delcam's core structure reflects their trust and respect for the company's innovative solutions, leadership, and organizational capabilities.
Headquartered in Birmingham, UK, Delcam develops cutting-edge software solutions for design, manufacturing, and inspection, offering automated CAD/CAM tools across diverse sectors like aerospace, automotive, toys, and sports equipment. With over 30 global offices and nearly 700 employees, Delcam serves clients worldwide.
Autodesk Senior Vice President Buzz Kross highlighted the strategic importance of this acquisition, saying, "The acquisition of Delcam marks a critical milestone in Autodesk's growth within the manufacturing and fabrication space. Together, we're committed to accelerating the development of a more comprehensive Digital Prototyping solution while enhancing the overall manufacturing experience." He also welcomed Delcam's team, customers, and partners to Autodesk's growing ecosystem.
**Business Outlook:**
This acquisition is expected to align seamlessly with Autodesk's previously issued guidance on November 26, 2013. While it may slightly dilute Autodesk's non-GAAP earnings in fiscal 2015, the company anticipates accretive impacts starting in fiscal 2016. Autodesk plans to provide detailed insights into the transaction's financial implications during its fourth-quarter earnings call, scheduled for February 26, 2014.
**Safe Harbor Statement:**
This press release includes forward-looking statements involving risks and uncertainties. These statements pertain to the potential impact of the acquisition on Autodesk's earnings per share, business performance, product and service offerings in the manufacturing sector, and industry-wide transformations. Actual outcomes may vary due to integration challenges, unexpected costs, competitive pressures, market growth assumptions, and other factors outlined in Autodesk's annual reports and SEC filings. The company assumes no obligation to update these forward-looking statements unless required by law.
**About Autodesk:**
Autodesk empowers individuals to imagine, design, and create a better world. From professionals in architecture and engineering to creative artists and students, users rely on Autodesk's tools to unlock innovation and address complex challenges. For more information, visit [autodesk.com](http://autodesk.com) or follow @autodesk on social media.
**Trademark and Copyright Notice:**
Autodesk is a registered trademark of Autodesk, Inc., and its subsidiaries worldwide. Other brands mentioned are property of their respective owners. All rights reserved.
**Contact Information:**
For media inquiries, contact:
Noah Cole, +1 415-580-3535, noah@autodesk.com
For investor relations, contact:
David Gennarelli, +1 415-507-6033, david@autodesk.com
For Delcam media inquiries, contact:
Peter Dickin, +44 121 683 1081
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This acquisition represents a pivotal moment in both companies' histories, positioning them to redefine the future of digital manufacturing. Stay tuned for further updates as this collaboration unfolds.