Autodesk buys MaintainX for $3.6bn to push from design into operations
Autodesk has spent four decades selling the software that engineers and architects use to design buildings, factories and machines. With its latest acquisition, it is buying its way into what happens after those things are built.
The company has agreed to acquire MaintainX, a maintenance and operations platform, for about $3.6 billion in cash.
The deal, announced on 28 May, is an all-cash transaction Autodesk plans to fund with cash on hand and new debt. Closing is targeted for as early as 3 August, subject to regulatory and customary conditions.
Alongside the headline price, Autodesk said it would issue $150 million in restricted stock to MaintainX employees, the standard retention sweetener that signals the buyer wants the team, not just the product.
MaintainX is the kind of company that is invisible until something breaks. Founded in San Francisco in 2018 and led by chief executive Chris Turlica, it makes mobile-first...
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