Autodesk Signs Plan to Acquire Spacemaker for USD 240 Million | Financial Buzz

Autodesk Signs Plan to Acquire Spacemaker for USD 240 Million

Autodesk, Inc. (NASDAQ: ADSK) reported signature on a definitive agreement to acquire Spacemaker for USD 240 Million net of cash.  The acquisition will allow Autodesk to utilize a powerful platform to drive modern, user-centric automation powered by AI to accelerate outcome based design capabilities for architects.  The Spacemaker platform allows users to generate, optimize and alter design alternative to better adjust to design criteria and data. 

“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.”