BIRMINGHAM, UNITED KINGDOM -- Delcam shareholders approved a previously announced buyout offer from Autodesk, a San Rafael, CA-based software company specializing in design, engineering and entertainment.
According to published reports, over 98% of the shareholders voted in favor of the deal, which is expected to be completed in February.
The acquistion, which will make Delcam a subsidiary, will enable Autodesk to expand its reach globally and in the manufacturing sector. Delcam has more than 30 offices worldwide and over 700 employees and has been one of the leading suppliers of CAM manufacturing software and services, according to the NC Software Market Analysis Report.
In a statement released by Autodesk last November when the proposal was announced, Carl Bass, Autodesk president and CEO, said, "Today we are taking an important step on our path toward delivering a better manufacturing experience. Together Autodesk and Delcam will help further the development and implementation of technology for digital manufacturing.”
Autodesk in the News
The Delcam buyout is not the only purchase Autodesk has made in recent months. The acquisition of the technology and the development team of Circuits.io, a web-based app and community for designing and simulating electronic circuits, was completed at the first of the year. Autodesk had partnered with the company in 2013 to introduce Autodesk 123D Circuits.
Also, the software firm made the 2014 FORTUNE 100 Best Companies to Work For list for its sixth time.
“Our people are why this company is a great place to work,” said Jan Becker, Autodesk senior vice president of human resources and real estate, in a statement. “You’ll find our culture is passionate and respectful – that’s why employees all over the world take pride in making software that helps users design and create a better world.“
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