Summary
Autodesk, Inc. announced the successful completion of its acquisition of Delcam plc on February 6, 2014. This acquisition, initially announced in November 2013, was executed through a cash offer at £20.75 per share, valuing Delcam at approximately £172.5 million (or roughly USD $286 million). The transaction was funded using non-U.S.-based cash, indicating a strategic use of international liquidity. This move signifies Autodesk's commitment to expanding its capabilities and market presence, particularly in the manufacturing and design sectors where Delcam holds a strong position. Investors should view this as a step towards integrating Delcam's technology and customer base, potentially enhancing Autodesk's product portfolio and revenue streams in the long term. The use of offshore cash also suggests a tax-efficient approach to funding the acquisition.
Key Highlights
- 1Autodesk has officially completed the acquisition of Delcam plc.
- 2The acquisition was a cash offer, with Delcam shareholders receiving £20.75 per share.
- 3The total transaction value is approximately £172.5 million (USD $286 million).
- 4The acquisition was funded using Autodesk's non-U.S.-based cash reserves.
- 5The deal was initially announced on November 7, 2013.
- 6The acquisition is expected to bolster Autodesk's offerings in the manufacturing and design software space.