Autodesk, Inc. said Wednesday it signed a deal to acquire certain assets of France-based Graitec, a CAD and structural engineering design software provider for the reinforced concrete and steel construction industries.
The San Rafael, Calif-based 3D engineering and architecture software maker did not disclose terms of the pending deal, which includes acquiring Graitec's Advance Steel and Advance Concrete software products, and associated employees. The transaction is expected to close in November, Graitec said on its website.
Autodesk said the purchase will strengthen its Building Information Modeling software portfolio for structural fabrication and detailing applications. Second quarter revenue from its AEC business segment increased 9 percent, the company reported in August, compared to slightly lower quarterly sales for the quarter companywide.
Separately, Autodesk laid out plans Wednesday for expanding its market opportunity and transitioning to a more “ratable and recurring business model.” The company reiterated its third-quarter outlook for revenue in the range of $540 million-$555 million, and adjusted earnings of $0.36-$0.40 per share. GAAP earnings per share are expected to be in the $0.17-$0.21 range. Analysts reportedly expect Autodesk to report earnings of $0.39 per share, on revenues of $548.86 million.
The company also said it expects fiscal 2014 fourth quarter revenue of $560 million-$580 million after the impact of $50 million from business model transition and EPS of $0.29-$0.36, below Wall Street’s expectations of $596.6 million and EPS of $0.49. For the full fiscal year, Autodesk projects revenue to reach nearly $2.4 billion, up about 3 percent.