Autodesk Closes Acquisition of Spacemaker for USD 240 Million | Financial Buzz

Autodesk Closes Acquisition of Spacemaker for USD 240 Million

Autodesk, Inc. (NASDAQ: ADSK) reported the completion of its acquisition of Oslo for USD 240 Million net of cash.  This represents the company’s thirteenth investment in design and construction solutions providers within the past three years, including five acquisitions.  Spacemaker helps architects and urban designers maximize developers’ long-term property investments and realize the full potential of the site by enabling them to quickly generate, optimize and iterate on design options taking into consideration design criteria and data like terrain, maps, wind, lighting, traffic, zoning, etc. Further, supporting the effort to combat climate change, Spacemaker offers designers and developers the ability to consider sustainability options from the start.

The acquisition of Spacemaker will provide Autodesk with a platform to drive modern automation and push for outcome based capabilities for architects and urban designs.  “I am proud to officially welcome the Spacemaker team to the Autodesk family,” said Andrew Anagnost, CEO of Autodesk. “Now we get to the important work of developing the integration roadmap between Spacemaker and our existing design portfolio and introducing the Spacemaker team to our architecture customers worldwide.”

“From the outset, Autodesk demonstrated great appreciation for Spacemaker’s team, technology and vision, which made the decision to become a part of Autodesk a straight-forward one,” said Håvard Haukeland, CEO and co-founder of Spacemaker. “We appreciate those customers who embraced Spacemaker early on, and we look forward to not only deepening those relationships but to creating new partnerships with design teams around the world.”

“Bouygues Immobilier is committed to being one of the most climate-conscious real estate development firms in the world requiring an ever-evolving exploration of digital tools to support the effort,” said Pascal Minault, Chairman of Bouygues Immobilier. “Spacemaker is one such tool which allows us to design and build in a way which reflects our corporate values.”