Autodesk to acquire Algor
Autodesk has signed a definitive agreement to acquire Algor, a provider of analysis and simulation software, for approximately $34 million.
US-based Algor makes computer-aided engineering software for product design and development in automotive, aerospace, medical, consumer products, defense, energy and utilities industries.
The acquisition strengthens Autodesk’s solution for digital prototyping with advanced simulation functionality, including multiphysics, mechanical event simulation and fluid flow.
The transaction is expected to close in the fourth quarter of fiscal 2009.
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