SAN RAFAEL, Calif., Oct. 15 /PRNewswire-FirstCall/ -- Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of substantially all of the assets of Elektro-CAE-Software GmbH (ECS), a premier solution provider of electrical computer-aided design (CAD) software, including the ECSCAD product line.
Autodesk announced its intent to acquire substantially all of the assets of Germany-based ECS from Mensch und Maschine Deutschland GmbH, a member of the Mensch und Maschine group, on August 20, 2008. Terms of the transaction were not disclosed.
Further enhancing the Autodesk solution for Digital Prototyping with software that relies on database-driven methods for controls system design, ECSCAD software complements AutoCAD Electrical software, which is used to quickly create accurate schematic-based designs. As both product lines are built on the AutoCAD platform, Autodesk will be positioned to enhance functionality and performance for both ECSCAD and AutoCAD Electrical customers and to offer even more powerful tools for a broad range of electrical controls designers.
"The acquisition of the ECSCAD technology extends Autodesk's leadership in Digital Prototyping and will allow European electrical design engineers to integrate both mechanical and electrical designs, offering the best of both worlds of database and drawing-based technology," said Robert "Buzz" Kross, Autodesk Manufacturing Solutions senior vice president. "We welcome ECS employees and customers to Autodesk."
About Mensch und Maschine Software
Mensch und Maschine Software SE (M+M) is a leading European supplier of computer-aided design and manufacturing (CAD/CAM) software with locations in Germany, Austria, Switzerland, France, Italy, UK, Belgium, Sweden, Poland, Romania, USA, Japan and APAC. M+M's diversified product range includes CAD/CAM solutions in different price / performance areas for key industries (e.g. mechanical and electrical engineering, architecture, geography). The company was founded in 1984 and is headquartered in Wessling near Munich. In 2007, group sales of EUR 212.9 million were achieved with 327 employees. M+M is listed on the Prime Segment of Frankfurt Stock Exchange.
ECS was founded in 1993 and is located in Donzdorf, Germany. Formerly part of the M+M group of companies, ECS is one of the leading suppliers of database oriented ECAD systems for the mechanical engineering, energy supply, and plant construction market.
Autodesk, Inc., is a 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. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit www.autodesk.com.
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the impact of the acquisition on Autodesk's product offerings and the performance of its business. Factors that could cause actual results to differ materially include the following: difficulties encountered in integrating merged businesses; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the acquisition; and whether the companies can successfully develop new products or modify existing products and the degree to which these gain market acceptance.
Further information on potential factors that could affect the financial results of Autodesk is included in the company's reports on Form 10-K for the year ended January 31, 2008, and Form 10-Q for the quarter ended April 30, 2008, which are on file with the Securities and Exchange Commission.
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