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Autodesk buys Delcam in a deal valuing it at £172m

07 November, 2013

Autodesk, the US-based developer of AutoCad, is buying Delcam, the British supplier of manufacturing software, in a deal that values the UK business at £172.5m. The transaction will be structured as a cash offer for all of Delcam's shares and is expected to close in Autodesk’s first quarter of fiscal 2015.

“Today, we are taking an important step on our path toward delivering a better manufacturing experience,” says Carl Bass, Autodesk’s president and CEO. “Together Autodesk and Delcam will help further the development and implementation of technology for digital manufacturing.”

Delcam, headquartered in Birmingham, UK, supplies advanced CADCAM and industrial measurement systems for the manufacturing industry. It design, manufacturing and inspection software provides automated CADCAM for a variety of industries. The company, which employs about 600 people and has more than 30 offices worldwide, reported revenues of £47.1m in 2012.

“I am very excited by the opportunities from combining Delcam with Autodesk to create a compelling platform from which to service both companies’ manufacturing clients,” says Delcam CEO, Clive Martell. “The offer is at a level which recognises the potential of Delcam and provides an attractive opportunity for shareholders to realise value for their current holdings in cash, while at the same time opening up new opportunities for our staff and partners operating within the wider platform of the Autodesk group.”




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