SAN RAFAEL, Calif.,
Nov. 17, 2020 /PRNewswire/
-- Autodesk University – Autodesk, Inc. (NASDAQ: ADSK) today
announced it has signed a definitive agreement to acquire
Spacemaker for $240 million net of
cash.
Based in Oslo, Norway,
Spacemaker uses cloud-based, artificial intelligence (AI), and
generative design to help architects, urban designers, and real
estate developers make more informed early-stage design decisions
faster and enables improved opportunities for sustainability from
the start. By evaluating the best options from the outset,
Spacemaker helps architects maximize their clients' long-term
property investments. The transaction is subject to customary
closing conditions and is expected to close during Autodesk's
fourth quarter of fiscal 2021, ending January 31, 2021.
The acquisition of Spacemaker provides Autodesk with a powerful
platform to drive modern, user-centric automation - powered by AI -
and accelerate outcome-based design capabilities for
architects.
With Spacemaker, design professionals can rapidly create and
evaluate options for a building or urban development. With AI as a
partner to the architect, the Spacemaker platform enables users to
quickly generate, optimize, and iterate on design alternatives, all
while considering design criteria and data like terrain, maps,
wind, lighting, traffic, zoning, etc. Spacemaker quickly
returns design alternatives optimized for the full potential of the
site. This leads to better outcomes from the start and allows
designers to focus on the creative part of their professional
work.
"Spacemaker is a lesson in the power of insights and automation,
giving designers the ability to create and test urban design ideas
in minutes," says Andrew Anagnost,
CEO and President of Autodesk. "With two billion more people
expected to call our planet home by 2050, speed of design and
sustainability in urban planning must be priorities. Spacemaker
technology offers a fundamental shift in how we imagine and build
cities to keep people and the planet healthy."
"Our values are always reflected in the business decisions we
make. The acquisition of Spacemaker demonstrates our commitment to
the advancement of architects and the ability of designers to
change the world for the better," says Amy
Bunszel, Senior Vice President for AEC Design Solutions at
Autodesk. "Paired with our teams and complementary technology,
Spacemaker's transformational solution will empower designers to
make more informed design decisions and help solve some of the
greatest challenges ahead of us all."
"Four years ago, we set out on a mission to help design,
engineering and project teams reinvent the development of more
sustainable cities and neighborhoods worldwide while maximizing the
investment," said Havard Haukeland,
CEO and co-founder of Spacemaker. "Autodesk shares our goal to
create a healthier planet for everyone and is uniquely positioned
to more rapidly place our product in the hands of planning teams
everywhere. This is a proud milestone for our team and those who
supported us from the start."
"Real-estate developers in Norway are at the forefront of the digital
transformation in the building sector, resulting in increased
project profitability, and critically, improving our ability to
combat climate change with more sustainable real estate
developments," said Daniel Kjørberg Siraj, CEO of OBOS.
"Game-changers such as Spacemaker are part of the solution, and it
is critical to give them the scale that they need in order to be
impactful. As an early investor and adopter, I am incredibly
pleased to see Spacemaker joining Autodesk and am looking forward
to seeing Norwegian-born technology transform the industry at a
global scale."
For more background on the acquisition, please see the
accompanying PDF here.
About Autodesk
Autodesk makes software for people who
make things. If you've ever driven a high-performance car, admired
a towering skyscraper, used a smartphone, or watched a great film,
chances are you've experienced what millions of Autodesk customers
are doing with our software. Autodesk gives you the power to make
anything. For more information visit autodesk.com or follow
@autodesk.
Autodesk University Reaches Customers
Worldwide
Autodesk University (AU) is a series
of conferences and an online learning destination focused on
inspiring, challenging and energizing Autodesk software users,
partners, and industry leaders about the future of
design, engineering and construction. Autodesk University
2020 is the company's first global digital conference experience
that virtually brings together more than 90k innovators
from over 190 countries to explore new ways of
imagining, designing and making. AU also offers free year-round
access to learning content, professional development, and
inspirational industry talks from the AU conference events. More
information is available at the Autodesk University website, or by
following @AutodeskU #AU2020.
Safe Harbor Statement
This press release contains
forward-looking statements that involve risks and uncertainties,
including statements regarding: the planned Spacemaker acquisition
and the timing thereof, the impact of the acquisition on Autodesk's
business performance; the impact of the transaction on Autodesk's
and Spacemaker's products and services capabilities, customers, and
partners; and Autodesk's strategic priorities.
Factors that could cause actual results to differ materially
include the following: Autodesk's ability to successfully integrate
Spacemaker's business; costs related to the acquisition; whether
the architecture and urban planning industries evolve as
anticipated; the competitive environment in the architecture and
urban planning industries and competitive responses to the
acquisition; Autodesk and Spacemaker's success developing new
products or modifying existing products and the degree to which
these gain market acceptance; general market and business
conditions; unanticipated impact of accounting for acquisitions;
and the ability to satisfy the conditions to the completion of the
acquisition on the anticipated schedule, or at all.
Further information on potential factors that could affect the
financial results of Autodesk are included in Autodesk's Form 10-K
and subsequent Forms 10-Q, which are on file with the U.S.
Securities and Exchange Commission. Autodesk disclaims any
obligation to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the
date on which they were made.
Autodesk and the Autodesk logo are registered trademarks or
trademarks of Autodesk, Inc., and/or its subsidiaries and/or
affiliates in the USA and/or other
countries. All other brand names, product names or trademarks
belong to their respective holders. Autodesk reserves the right to
alter product and services offerings, and specifications and
pricing at any time without notice, and is not responsible for
typographical or graphical errors that may appear in this
document.
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SOURCE Autodesk, Inc.