Delcam plc — the Birmingham-based software company — is to be acquired by Autodesk Development, which is a wholly owned subsidiary of California-based Autodesk Inc. The US firm will acquire the entire issued share capital of the West Midlands firm at a price of £20.75 per share, which values Delcam at £172.5 million.
Delcam is a leading UK developer and supplier of advanced software solutions for product development, manufacture and metrology. Its software is used by almost 45,000 organisations world-wide, ranging across industries that include aerospace, automotive, medical and dental.
Autodesk is a leader in 3-D design, engineering and entertainment software. It has customers across the manufacturing, architecture, building, construction, and media and entertainment industries.