Autodesk to acquire U.K.-based software company Delcam
Mary Page Bailey
Autodesk, Inc. (Mill Valley, Calif.;www.autodesk.com) has announced its intention to acquire Delcam (Birmingham, U.K.; www.delcam.com), a supplier of advanced software for the manufacturing industry. Autodesk plans to acquire Delcam for £20.75 per share, or approximately £172.5 million. The transaction will be structured as a cash offer for all the outstanding shares of Delcam, is subject to customary closing conditions including regulatory approvals, and is expected to close in Autodesk’s first quarter of fiscal 2015. The company has more than 30 offices worldwide, approximately 600 employees and reported revenues for its fiscal 2012 of £47.1 million.