Autodesk Announces Intent to Acquire 3D Geo....

12 August 2008, 5:29pm

Autodesk Announces Intent to Acquire 3D Geo, Leader in Geospatial Infrastructure and Urban Modeling Solutions

Autodesk has announced that it has signed a definitive agreement to acquire substantially all the assets of 3D Geo GmbH, a privately held maker of intelligent 3D urban models software, based in Potsdam, Germany. 3D Geo offers software and services for geo-visualisation: solutions for effectively creating, analysing, managing, and distributing large-scale geo information.

This acquisition would augment Autodesk’s offerings for utilities, telecommunication firms, and state and local governments. Financial terms of the transaction were not disclosed.

“We look forward to welcoming the 3D Geo team,” said Lisa Campbell, vice president, Autodesk Geospatial. “Their success and commitment to building great 3D urban modelling and visualisation software should provide a critical component of the overall solution for our customers.”

“We believe that Autodesk and 3D Geo together can accelerate our mutual vision to develop integrated world-class customer solutions,” said Marc Hildebrandt, managing director of 3D Geo.

Safe Harbor Statement:

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the performance of its business. Factors that could cause actual results to differ materially include the following: difficulties encountered in closing and subsequently integrating 3D Geo’s business; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the acquisition; and whether Autodesk can successfully develop new products or modify existing products and the degree to which these gain market acceptance.

www.autodesk.co.uk

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