Steel in the News
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Posted by Tasha Weiss on October 17, 2013 at 11:29 AM.
Autodesk, Inc., has signed a definitive agreement with the shareholders of Graitec (an AISC member) to acquire certain technology assets, including Graitec’s Advance Steel and Advance Concrete product lines and associated employees. The transaction is expected to close in the 4th quarter of fiscal year 2014 and is subject to customary closing conditions. The financial terms of the transaction were not disclosed.
“The proposed acquisition of the Graitec technology will provide our customers with a more seamless structural engineering workflow, from design to fabrication and to construction, with enhanced offerings for structural steel and concrete detailing,” said Amar Hanspal, Autodesk senior vice president of Information Modeling and Platform Products. “We look forward to welcoming Graitec employees, customers and partners to the Autodesk community.”
Graitec is a global provider of CAD and engineering software for structural engineering, civil engineering and building construction. Graitec’s Advance Steel and Advance Concrete products offer modeling, detailing, and fabrication solutions to support BIM-based steel and reinforced concrete workflows. Graitec will to continue to sell and support Advance Steel and Advance Concrete, as well as sell, support and develop its remaining products for structural engineering.
“Autodesk’s acquisition of the Advance Steel and Advance Concrete products in support of its BIM strategy is a testament to the expertise of the Graitec team and the quality of our steel and concrete detailing solutions,” said Francis Guillemard, CEO of Graitec. “Graitec continues to develop dedicated BIM software and services that are complementary to Autodesk, and together we look forward to maximizing the efficiency and performance of the global construction industry.”