SAN FRANCISCO, February 24, 2021 – Today, Autodesk, Inc. (NASDAQ: ADSK) announced it has reached an official agreement to acquire Innovyze, Inc., a prominent player in water infrastructure software based in Portland, Oregon. The deal is valued at $1 billion, net of cash, subject to standard adjustments for working capital and taxes upon closing. This acquisition positions Autodesk as a leader in offering comprehensive end-to-end solutions for water infrastructure, spanning design through operations. It also bolsters Autodesk's digital twin strategy and paves the way for a more sustainable and digitized water industry.
Autodesk has now officially completed the acquisition of Innovyze. To stay updated on the latest developments, check out the newest updates here.
Innovyze’s advanced solutions in modeling, simulation, and predictive analysis help create more cost-effective and environmentally friendly water distribution networks, collection systems, treatment plants, and flood protection measures. Additionally, their tools centralize data on infrastructure assets, enabling optimized capital and operational spending. By merging Innovyze's offerings with Autodesk’s powerful design and analysis tools—such as Civil 3D, InfraWorks, and the Construction Cloud—civil engineers, water utilities, and experts can tackle challenges more effectively and enhance long-term planning.
For over three decades, Innovyze has been developing cutting-edge software tailored for the water sector, trusted by approximately 3,000 clients globally, including major utility providers in some of the most populous cities across five continents. They are also relied upon by most of ENR’s top design firms and leading environmental and engineering consultancies.
Currently, more than two billion individuals lack access to safe drinking water at home, and projections indicate that by 2025, over two-thirds of the global population will live in water-stressed regions.
"We can build a more sustainable planet, but achieving that requires responsible water management and securing its future," said Andrew Anagnost, Autodesk’s president and CEO. "Addressing global water infrastructure needs is projected to cost $1.9 trillion by 2030. By fundamentally transforming how these systems are designed, built, and operated, we're well-positioned to meet this challenge and realize the better world we envision."
Amy Bunszel, Executive Vice President of AEC Design Solutions at Autodesk, added, "Every year, nearly nine trillion gallons of water are lost globally due to prolonged leaks and pipe failures. However, without visibility into our infrastructure, effective management becomes impossible." Innovyze’s suite of operational analytics, distribution modeling, and asset management solutions provide the foresight necessary to detect and resolve potential crises before they escalate.
Colby Manwaring, CEO of Innovyze, remarked, "For thirty-five years, Innovyze has quietly played a crucial role in the daily lives of millions worldwide, ensuring access to clean water, managing sewage and floods, and converting wastewater into usable resources. Similarly, Autodesk’s design expertise underpins nearly every structure around us. Joining forces aligns our complementary strengths, making this partnership essential for addressing the needs of much of the global population."
For further details on the acquisition, refer to the accompanying PDF document.
This transaction remains subject to routine closing conditions and is anticipated to conclude during Autodesk’s first fiscal quarter of 2022, concluding on April 30, 2021.
About Autodesk:
Autodesk designs software for creators who bring ideas to life. Whether you’ve admired a stunning skyscraper, driven a高性能 vehicle, used a smartphone, or enjoyed a captivating film, chances are you’ve interacted with what Autodesk’s customers achieve with our tools. Autodesk empowers you to create anything. Learn more at autodesk.com or follow @autodesk.
Safe Harbor Statement:
This press release includes forward-looking statements involving risks and uncertainties. These include predictions about: the planned Innovyze acquisition timeline, its impact on Autodesk’s business performance, how the merger will influence both companies' product and service capabilities, customer bases, partnerships, and Autodesk’s strategic objectives.
Factors that might lead to different outcomes include: Autodesk’s capacity to smoothly integrate Innovyze’s operations; costs associated with the acquisition; effects of climate change and population growth; shifts in Innovyze’s customer base or geographical reach; whether the infrastructure design and water sectors evolve as expected; competitive dynamics within these industries post-acquisition; the success of new product development or modifications to existing ones by both parties, along with their market reception; general market and economic conditions; unforeseen impacts of accounting practices tied to mergers; and the ability to fulfill closing conditions within the anticipated timeframe—or at all.
For more information on potential factors affecting Autodesk’s financial results, review their Form 10-K and subsequent Forms 10-Q, filed with the U.S. Securities and Exchange Commission. Autodesk does not undertake any obligations to update these forward-looking statements to reflect events occurring or circumstances arising after their issuance dates.
Autodesk, the Autodesk logo, Civil 3D, and InfraWorks are either registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and affiliates in the U.S. and/or other countries. Other brands, product names, or trademarks belong to their respective owners. Autodesk reserves the right to modify products and services.
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While the world faces unprecedented water scarcity challenges, this merger signals hope. Together, Autodesk and Innovyze are setting the stage for smarter, more resilient infrastructure.
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