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Autodesk Acquires Assemble Systems to Strengthen Building Project Lifecycle; Continues Autodesk’s Investment in Construction Tech

Autodesk Acquires Assemble Systems to Strengthen Building Project Lifecycle; Continues Autodesk's Investment in Construction Tech

Assemble Systems’ preconstruction software will integrate into Autodesk’s BIM 360 project management platform

Autodesk, Inc. (NASDAQ: ADSK) announced the acquisition of Salem, Massachusetts-based Assemble Systems, Inc.

Assemble Systems provides a SaaS solution that enables construction professionals to condition, query and connect BIM data to key workflows across bid management, estimating, scheduling, site management and finance. Over time, Assemble Systems’ solution will be integrated with Autodesk’s new BIM 360 project management platform.

“I welcome the Assemble Systems team to the Autodesk family, as part of our efforts to digitize and improve the construction industry,” said Andrew Anagnost, president and CEO of Autodesk. “We are connecting project data from design through construction, creating the cloud-enabled tools necessary to make the critical preconstruction phase of a project more predictable and profitable.”

Automation in preconstruction sets the tone for the entire construction project to follow, using the building information model (BIM) to drive better visibility, productivity and collaboration.

BIM 360 is a cross-industry, open platform permitting project teams to collaborate on coordinated, shared designs from design through construction – regardless of location, role, or stage of the project.

“Autodesk is an AEC technology leader and was the majority investor in our Series A funding last year. We partnered closely with Autodesk to make the greatest impact on the construction industry. We’re excited about joining Autodesk and continuing to make BIM data more useful across construction project workflows,” said Don Henrich, CEO of Assemble Systems.

Assemble Systems’ products are used by 174 unique customers, in nearly 1,000 sites and offices working on 12,700 projects, including one-fourth of the ENR 400 customer list.
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Business Outlook and Terms

This transaction is expected to have no impact on Autodesk’s guidance issued on May 24, 2018. Specific terms of the transaction were not disclosed; however, Autodesk used a combination of cash and stock to finance the transaction. Autodesk has committed to offsetting the shares issued for this transaction within the current quarter through its ongoing stock repurchase program.

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