Autodesk Signs Agreement to Acquire netfabb and Enter Strategic Partnership with FIT AG.

SAN FRANCISCO--Autodesk, Inc. (Nasdaq: ADSK) has signed a definitive agreement to acquire netfabb, a Lupburg, Germany-based developer of software solutions for industrial additive design and manufacturing. Autodesk will also make a strategic investment in FIT Technology Group, the parent company of netfabb and provider of additive manufacturing software and services. The two companies will collaborate to increase adoption of technology for industrial additive manufacturing.

Autodesk plans to use foreign capital for the transaction, which is expected to close in Autodesks Q4 FY2016. Terms of the transaction were not disclosed.

"Autodesk has always been impressed by FITs track record in creating powerful solutions to meet the challenges of industrial additive manufacturing and together we will accelerate a new future of making things," said Samir Hanna, Autodesk vice president and general manager, Consumer & 3D Printing. "We look forward to welcoming the netfabb team to Autodesk and helping designers and manufacturers worldwide take 3D printing beyond prototyping and plastics, to reliably creating production-grade parts at scale."

More than 80,000 designers, manufacturers, artists, researchers and developers worldwide currently use netfabb solutions as part of their 3D printing process. Autodesk plans to support and expand this community by continuing to develop, sell and support netfabb software as well as integrate netfabb technology into Autodesks solutions for product design and additive manufacturing, including Autodesk Fusion 360 the Spark 3D printing platform.

"Autodesk shares FITs goal of delivering high quality industrial additive manufacturing. Were looking forward to cooperating with Autodesk - our newest investor- and we are confident that netfabb will continue to thrive and grow as part of Autodesk," said Carl Fruth, CEO, FIT AG, parent company of the FIT Technology Group.

Business Outlook

This transaction is expected to have no impact on Autodesks guidance issued on, August 27, 2015.