Autodesk Acquires Assemble Systems to Strengthen Building Project Lifecycle; Continues Autodesk's Investment in Construction Tech

SAN RAFAEL, Calif., July 9, 2018 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and engineering software, today announced the acquisition of Salem, Massachusetts-based Assemble Systems, Inc. Known for its innovative SaaS solutions, Assemble Systems empowers construction professionals to process, analyze, and integrate Building Information Modeling (BIM) data into essential workflows such as bidding, cost estimation, scheduling, site management, and financial planning. Over time, Assemble Systems’ offerings will seamlessly integrate with Autodesk’s cutting-edge BIM 360 project management platform. ![](http://bsg-i.nbxc.com/blog/383e8d89a95eed9d69b4da11a45d3f37.jpg) "I’m thrilled to welcome the Assemble Systems team into the Autodesk family," said Andrew Anagnost, President and CEO of Autodesk. "This acquisition aligns perfectly with our mission to digitize and enhance the construction industry. By leveraging BIM data throughout the project lifecycle, we’re creating smarter tools that make preconstruction phases more predictable and profitable." The integration of automation in preconstruction is pivotal to setting the foundation for successful construction projects. Utilizing the power of BIM, teams can achieve enhanced visibility, efficiency, and collaboration, driving outcomes that meet project objectives more effectively. BIM 360 stands out as a groundbreaking, cross-industry platform that fosters collaboration among project teams worldwide. It enables stakeholders to access coordinated, shared designs regardless of geographic location, role, or project phase. "Assemble Systems has always been proud to partner with Autodesk, a true pioneer in AEC technology," remarked Don Henrich, CEO of Assemble Systems. "Joining forces with Autodesk allows us to expand our reach and continue making BIM data more actionable across construction workflows." Currently, Assemble Systems serves over 174 unique clients, with its tools deployed across nearly 1,000 sites and offices working on approximately 12,700 projects. Notably, one-quarter of the ENR 400 client base relies on Assemble Systems’ solutions. For further details, refer to our comprehensive fact sheet and FAQs. **Business Outlook and Terms** This acquisition is anticipated to have no bearing on Autodesk’s previously issued guidance dated May 24, 2018. While specific financial terms remain undisclosed, Autodesk utilized a mix of cash and stock to complete the deal. Additionally, the company has committed to offsetting the issued shares through its ongoing stock repurchase program within the current quarter. **Safe Harbor Statement** This press release includes forward-looking statements that carry inherent risks and uncertainties. These statements pertain to aspects like the impact of the acquisition on Autodesk’s guidance, business performance, product offerings, and future growth opportunities. They also address the anticipated synergies between Autodesk and Assemble Systems, as well as Autodesk’s broader goals to revolutionize the construction sector. Potential risks include challenges in integrating Assemble Systems’ operations, market competition, and broader economic trends impacting the construction industry. For a full understanding of these risks, readers are encouraged to review Autodesk’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, both filed with the U.S. Securities and Exchange Commission. **About Assemble Systems** Assemble Systems offers a robust SaaS platform designed to consume BIM models, drawings, and point clouds. This empowers construction professionals to extract insights, ask critical questions, and apply data to key workflows such as bidding, estimating, project management, scheduling, and financial tracking. Learn more about Assemble Systems at [www.assemblesystems.com](http://www.assemblesystems.com). **About Autodesk** Autodesk empowers creators across industries to imagine, design, and build a better world. From cars to buildings, smartphones to films, countless innovations rely on Autodesk’s software solutions. At Autodesk, we believe in giving our users the tools to bring their ideas to life. All product names, logos, and trademarks mentioned herein are property of their respective owners. Autodesk retains the right to modify product features, specifications, and pricing without prior notice. © 2018 Autodesk, Inc. All rights reserved. SOURCE: Autodesk, Inc.

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