Autodesk Inc. has purchased Innovyze Inc., a Portland, Oregon-based provider of water infrastructure software, for $1 billion net of cash subject to working capital and tax closing adjustments. Autodesk aims to expand into end-to-end water infrastructure solutions from design to operations. Combining Innovyze’s portfolio with the power of Autodesk’s design and analysis solutions, including Autodesk Civil 3D, Autodesk InfraWorks, and the Autodesk Construction Cloud, both companies will offer civil engineers, water utility companies and water experts the ability to better respond to issues and to improve planning.
“We can achieve a more sustainable planet, but we can’t do it without responsibly managing our use of water and securing its future,” said Andrew Anagnost, Autodesk president and CEO. “An estimated $1.9 trillion is required to address global water infrastructure needs by 2030, and by fundamentally changing the way systems are designed, constructed, and operated, we are best positioned to overcome this challenge and realize the better world we’ve imagined.”