Autodesk, Inc. announced it has signed a definitive agreement to acquire Portland, Oregon-based Innovyze, Inc. for $1 billion.
The goal is for Innovyze’s modeling, simulation, and predictive analyses solutions to enable more cost-effective and sustainably designed water distribution networks, water collection systems, water and wastewater treatment plants, and flood protection systems, according to the Autodesk press release.
Innovyze’s solutions will attempt to centralize infrastructure asset visibility to optimize capital and operational expenses.
According to the acquisition, the team will combine Innovyze’s portfolio with Autodesk’s design and analysis solutions, including Autodesk Civil 3D, Autodesk InfraWorks, and the Autodesk Construction Cloud.
Ultimately, this combination aims to offer civil engineers, water utility companies and water experts the ability to better respond to issues and to improve planning, reported the press release.
The transaction is subject to customary closing conditions and is expected to close during Autodesk’s first quarter of Fiscal Year 2022, ending Apr. 30, 2021.
