Autodesk Completes Acquisition of Delcam

**Public Company Information:** NASDAQ: ADSK **SAN RAFAEL, Calif. & BIRMINGHAM, England – (BUSINESS WIRE)** — Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and engineering software, has successfully concluded its acquisition of Delcam, a world-renowned 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 using non-U.S.-based cash. As part of the agreement, Delcam will continue to operate as an independently managed subsidiary of Autodesk, with minimal changes planned to its existing operations. Clive Martell, Delcam's CEO, expressed his excitement about the merger: “Joining forces with Autodesk offers us enhanced financial stability, unparalleled expertise in design, and a legacy of making technology accessible to everyone. By combining our strengths, this acquisition will revolutionize industries and redefine how the world designs and manufactures. Autodesk's commitment to preserving Delcam's core structure demonstrates their confidence in our solutions, leadership, and team. We’re thrilled to collaborate and accelerate innovation in digital manufacturing.” Headquartered in Birmingham, UK, Delcam develops cutting-edge software for design, manufacturing, and inspection, offering automated CAD/CAM solutions tailored to industries like aerospace, automotive, and consumer goods. With over 30 global offices and nearly 700 employees, Delcam’s reach spans the globe. Buzz Kross, Autodesk’s Senior Vice President for Design, Lifecycle, and Simulation Products, highlighted the strategic importance of the acquisition: “Bringing Delcam into the Autodesk family marks a pivotal moment in our expansion within manufacturing and fabrication. Together, we aim to enhance our Digital Prototyping capabilities and deliver an exceptional manufacturing experience. We warmly welcome Delcam’s employees, clients, partners, and communities to Autodesk.” **Business Outlook:** This acquisition is expected to align seamlessly with Autodesk’s previously stated guidance issued on November 26, 2013. While Autodesk anticipates the deal to slightly reduce its non-GAAP earnings in fiscal 2015, it projects a positive impact in fiscal 2016. Further details regarding the transaction’s financial implications will be discussed during Autodesk’s Q4 earnings call, scheduled for February 26, 2014. **Safe Harbor Statement:** This press release includes forward-looking statements that involve inherent risks and uncertainties. These statements cover aspects such as the acquisition’s impact on Autodesk’s earnings per share, business performance, and manufacturing-related offerings. Potential factors influencing outcomes include integration challenges, market growth assumptions, competition, and unforeseen accounting adjustments. For a comprehensive list of risk factors, please refer to Autodesk’s Form 10-K filed for the fiscal year ending January 31, 2013, and Form 10-Q for the quarter ending October 31, 2013, both available via the SEC. Autodesk assumes no obligation to update these forward-looking statements. *Note: This statement regarding earnings is not a profit forecast and should not be interpreted as a guarantee of future profitability.* **About Autodesk:** Autodesk empowers individuals to imagine, design, and create a better world. From professionals in architecture and engineering to creative artists and students, Autodesk tools fuel creativity and address critical challenges. Learn more at [autodesk.com](https://www.autodesk.com/) or follow @autodesk on social media. *Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries worldwide. Other brands mentioned are property of their respective owners. Autodesk reserves the right to modify product features and pricing without prior notice.* *© 2014 Autodesk, Inc. All rights reserved.* --- **Contact Information:** **Autodesk:** Media Contact: Noah Cole +1 415-580-3535 [noah@autodesk.com](mailto:noah@autodesk.com) Investor Contact: David Gennarelli +1 415-507-6033 [david@autodesk.com](mailto:david@autodesk.com) **Delcam:** Media Contact: Peter Dickin +44 121 683 1081 [peter.dickin@delcam.com](mailto:peter.dickin@delcam.com)

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