US software giant Autodesk is to acquire Delcam, the Birmingham-based CAM software developer, for £172 million.
Autodesk, one of the biggest manufacturing software companies, plans to buy the British Delcam for £20.75 per share in a cash-for-shares offer. Subject to regulatory approvals the deal is expected to close in the second half of 2014 (Autodesk’s first quarter of fiscal 2015). Autodesk says it plans to use non-US based cash for the…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
