M&A Deal Summary

Autodesk Acquires Innovyze

On February 24, 2021, Autodesk acquired software company Innovyze from EQT for 1.0B USD

Acquisition Highlights
  • This is Autodesk’s 33rd transaction in the Software sector.
  • This is Autodesk’s largest (disclosed) transaction.
  • This is Autodesk’s 32nd transaction in the United States.
  • This is Autodesk’s 1st transaction in Colorado.

M&A Deal Summary

Date 2021-02-24
Target Innovyze
Sector Software
Buyer(s) Autodesk
Sellers(s) EQT
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Innovyze

Broomfield, Colorado, United States
website
Innovyze is a global provider of wet infrastructure business analytics software solutions designed to meet the technological needs of water/wastewater utilities, government agencies, and engineering organizations worldwide. The company’s clients include the majority of the largest UK, Australasian, East Asian and North American cities, foremost utilities on all six continents, and ENR top-rated design firms. Innovyze was founded in 1996 and is based in Broomfield, Colorado.

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Buyer(S) 1

Buyer

Autodesk

San Rafael, California, United States

website


Category Company
Founded 1982
Sector Software
Employees12,600
Revenue 5.0B USD (2023)
DESCRIPTION
Entrance to Autodesk's corporate headquarters in Mill Valley, California.
Entrance to Autodesk's corporate headquarters in Mill Valley, California.

Autodesk is a provider of design software for customers in the architecture, engineering, construction, manufacturing, digital media, consumer, and entertainment industries. Autodesk's sophisticated software products enable customers to experience their ideas before they are real. Customers are able to imagine, design, and create their ideas by visualizing, simulating and analyzing real-world performance early in the design process by creating and manipulating digital prototypes. Autodesk's professional software products are sold globally, both directly to customers and through a network of resellers and distributors. Additionally, the Company sells a line of consumer products for digital art, personal design and creativity, and home design. Autodesk was founded in 1982 and is based in San Rafael, California.


DEAL STATS #
Overall 55 of 60
Sector (Software) 33 of 36
Type (Add-on Acquisition) 49 of 54
State (Colorado) 1 of 1
Country (United States) 32 of 36
Year (2021) 1 of 3
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Spacemaker AS

Oslo, Norway

Spacemaker AS provides cloud-based, artificial intelligence (AI), and generative design to help architects, urban designers, and real estate developers make more informed early-stage design decisions faster and enables improved opportunities for sustainability from the start. Spacemaker was founded in 2016 and is based in Oslo, Norway.

Buy $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Upchain

Toronto, Ontario, Canada

Upchain is a provider of instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions. Upchain has created a unified cloud platform that eliminates the boundaries of traditional PLM and PDM technologies, helping manufacturers manage complexity across teams by putting data at the center of the product development process. Upchain was founded in 2015 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 137 of 175
Sector (Software) 2 of 6
Type (Add-on Acquisition) 54 of 69
State (Colorado) 1 of 1
Country (United States) 15 of 24
Year (2021) 1 of 22
Size (of disclosed) 16 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 CYE

Herzliya, Israel

CYE brings a fact-based approach to organizational cyber defense, managing real business risks, and optimizing the cybersecurity investment. CYE serves as a trusted advisor to medium-sized and Fortune 500 companies in multiple industries around the world. CYE was founded in 2011 and is based in Herzliya, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Dorner Mfg.

Hartland, Wisconsin, United States

Dorner Mfg. Corp. is a US-based major global provider of purpose-built, high-quality precision conveyor systems utilized in process automation operations to enhance productivity, quality, and profitability throughout the production process. Dorner Mfg. Corp was formed in 1996 and is based in Hartland, Wisconsin.

Sell $485M