Autodesk to Buy Assets of Engineering Firm Graitec; Amar Hanspal Comments

Autodesk Inc. has reached an agreement with shareholders of France-based engineering company Graitec to buy the steel and concrete businesses of the company, among others, for an undisclosed amount.

Autodesk intends to consolidate Graitec’s technology into its building information analysis and modeling services for engineers, detailers, fabricators and contractors, Autodesk said Wednesday.

The transaction is expected to close in the fourth quarter of fiscal year 2014.

Amar Hanspal, Autodesk senior vice president of information modeling and platform products, said the company aims for the acquisition to expand its structural engineering services which offers steel and concrete detailing.

“We look forward to welcoming Graitec employees, customers and partners to the Autodesk community,” Hanspal added.

Graitec provides CAD and engineering software for structural engineering, civil engineering and building construction.

The company will continue to operate its steel and concrete products and the deal is scheduled to complete in fiscal 2014.