Design innovation technologies specialist Autodesk has agreed to acquired analysis and simulation software provider Algor for approximately $34 million.
Algor’s computer aided engineering software is used for product design and development in the automotive, aerospace, medical, consumer products, defence, energy and utilities industries. The acquisition is expected to strengthen the Autodesk technology for digital prototyping with new advanced simulation functionality, including multiphysics, mechanical event simulation and fluid flow.
Robert Kross, senior vice president of Autodesk Manufacturing Solutions, said: Autodesk strives to offer manufacturers a comprehensive Digital Prototyping solution on the market. The acquisition of Algor will add significant new capabilities to virtually test and predict the impact of simultaneous real world conditions like heat and pressure on product designs.
Michael Bussler, president and founder of Algor, said: Since 1976, Algor’s analysis and simulation tools have helped mechanical engineers make better, safer products at a lower cost. We have enjoyed a long-standing partnership with Autodesk, and the combination of our proven technologies will be an exciting new chapter for our customers worldwide.
Autodesk develops 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. It has introduced AutoCAD software in 1982. Very recently, it has completed the acquisition of BIMWorld, a provider of branded BIM content for building product manufacturers.
Autodesk has also acquired iLogic desktop design automation and related technology from Canada-based Logimetrix.