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Autodesk completes Moldflow acquisition

01 July 2008

Autodesk Ltdvisit website

 

Autodesk has now completed its acquisition of Moldflow Corporation, having announced its intent to acquire Moldflow on 1 May 2008.

Carl Bass, Autodesk president and CEO, states: “Autodesk sees plastics and composites as some of the fastest-growing engineering materials. Given its relatively low weight and durability, plastic materials are ideally suited to help our customers attain their sustainability initiatives. Moldflow, with its industry-leading plastics simulation, is a natural extension of Autodesk’s Digital Prototyping solution.”

Autodesk acquired Moldflow for $22 per share, or approximately $297million, less the amount in Moldflow's cash balance and proceeds from options exercises.

 
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