Autodesk acquires MaintainX for $3.6 billion in cash deal

Autodesk agreed to get MaintainX, a attraction and operations bundle company, successful an all-cash woody valued astatine astir $3.6 billion, the institution said Wednesday.

The woody is the largest acquisition successful Autodesk's history, according to SiliconAngle. Its bundle helps mill and installation teams way enactment orders, inspection records, plus data, and day-to-day attraction activity. The San Francisco-based institution expects to make much than $135 cardinal successful annualized recurring gross successful 2026, with maturation supra 50%, the institution said.

Autodesk plans to money the transaction with astir $1.6 cardinal successful currency and get the remainder, according to Bloomberg. The woody is taxable to regulatory reappraisal and is expected to adjacent earlier the extremity of Autodesk's existent fiscal year, which ends successful Jan. 2027.

MaintainX volition beryllium brought into a caller Autodesk part — Autodesk Operations Solutions — joining existing offerings specified arsenic Fusion Operations, the Tandem integer duplicate platform, and the simulation instrumentality Flexsim, the institution said.

The acquisition is intended to link teams that plan and physique carnal assets with the teams that run and support them. Through MaintainX, Autodesk said it gains a watercourse of operational information — covering instrumentality condition, work histories, and however assets really execute successful the tract — that tin pass AI-driven decision-making astir carnal infrastructure.

"Autodesk is expanding beyond plan and marque to operations, ensuring information and insights travel seamlessly successful a continuous lifecycle," CEO Andrew Anagnost said successful a statement. "Our extremity with MaintainX is to bring heavy operational expertise, contextual data, and workflows that heighten our quality to usage AI to converge integer and carnal worlds."

MaintainX laminitis and CEO Chris Turlica said the operation would let the 2 companies to "connect the teams who plan and physique assets with the teams who run and support them each day."

Moving into operations, Autodesk said, would deepen lawsuit ties implicit a longer skyline — stretching from years into decades — portion opening up a larger stock of the wide market. MaintainX was founded successful 2018, according to SiliconAngle.

Autodesk released the quality alongside its fiscal first-quarter net report. Shares slid astir 4% successful extended trading aft the close, according to Bloomberg.