今日看料

Construction

Fri September 20 2024

Related Information

Autodesk buys Innovyze for $1bn

25 Feb 21 今日看料 software giant Autodesk has agreed to pay US$1bn to acquire Innovyze, which produces software for the water sector.

Autodesk said that the acquisition positioned it as 鈥渁 technology leader in end-to-end water infrastructure solutions from design to operations鈥.

Innovyze鈥檚 modelling, simulation, and predictive analyses software is used to design water distribution networks, water collection systems, water and wastewater treatment plants, and flood protection systems.

Autodesk said that combining Innovyze鈥檚 portfolio with Autodesk Civil 3D, Autodesk InfraWorks and the Autodesk 今日看料 Cloud, offered civil engineers the ability 鈥渢o better respond to issues and to improve planning鈥.

Andrew Anagnost, Autodesk president and chief executive, said: 鈥淎n estimated $1.9 trillion is required to address global water infrastructure needs by 2030, and by fundamentally changing the way systems are designed, constructed, and operated, we are best positioned to overcome this challenge and realize the better world we鈥檝e imagined.鈥

Innovyze chief executive Colby Manwaring said: 鈥淔or 35 years Innovyze has been a hidden part of the daily lives of millions of people around the world, helping to deliver fresh, clean water, managing sewage and flooding in our communities, and turning wastewater into safe water. Similarly, if you look at the built world around us, Autodesk鈥檚 design DNA is found in just about every structure you see above ground and below, so it makes strategic sense to bring together our complementary organizations critical to much of the world鈥檚 population. We look forward to completing the acquisition and getting to work, together.鈥

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view latest construction news »