Autodesk to Acquire Moldflow for $22 per share, or approximately $297 million,

29-May-08
Autodesk signed a definitive agreement to acquire Moldflow Corporation for US$22 per share, or approx. US$297 mln, subject to customary closing conditions including regulatory approvals. The transaction will be structured as a cash tender offer for all the outstanding shares of Moldflow common stock and is expected to close in the Q2-2008. Moldflow has research and development offices in Melbourne, Australia, and Ithaca, N.Y., as well as sales offices across the world, with reported revenues for its fiscal 2007 of US$55.9 mln. Moldflow Corp. is a leading provider of software solutions that allow designers to predict and optimize how plastic components will perform during each phase of the design and manufacture process. This agreement demonstrates Autodesk's commitment to provide a comprehensive Digital Prototyping solution to manufacturers of all sizes, giving them the ability to optimize, validate and improve their designs earlier in the process. Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real.
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