Autodesk Acquires MaintainX for $3.6 Billion to Enhance Operational Workflows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: NASDAQ.COM
- Acquisition Size: Autodesk announced an all-cash acquisition of maintenance and operations software provider MaintainX for approximately $3.6 billion, aimed at strengthening the connection between design, manufacturing, and operational workflows through a unified platform.
- Strategic Expansion: This acquisition signifies Autodesk's shift from design and make to operations, ensuring seamless data and insights flow throughout a continuous lifecycle, thereby enhancing its competitive edge in the AEC and D&M industries.
- Financial Outlook: MaintainX expects its annual recurring revenue to exceed $135 million by 2026, with growth rates above 50%, which presents significant revenue growth potential for Autodesk.
- Financing Plan: Autodesk plans to finance the deal using a combination of cash on hand and debt financing, with the transaction expected to close later in the current fiscal year, subject to regulatory approvals and customary closing conditions.
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Analyst Views on ADSK
Wall Street analysts forecast ADSK stock price to rise
23 Analyst Rating
21 Buy
2 Hold
0 Sell
Strong Buy
Current: 240.950
Low
319.00
Averages
373.10
High
400.00
Current: 240.950
Low
319.00
Averages
373.10
High
400.00
About ADSK
Autodesk, Inc. is engaged in three-dimensional (3D) design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media and entertainment. Its architecture, engineering, construction and operations products improve the way building, infrastructure, and industrial projects are designed, built, and operated. Its product development and manufacturing software provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, manufacturing, and production solutions. Its product offerings include AutoCAD Civil 3D, Autodesk Build, BIM Collaborate Pro, Building Connected, Revit, Tandem, AutoCAD, AutoCAD LT, Inventor, Vault, Maya, 3ds Max, Flow Production Tracking, among others. AutoCAD Civil 3D solution offers surveying, design, analysis, and documentation solution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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