Autodesk (ADSK) is acquiring Delcam, a British developer of CAD/CAM and industrial measurement software for manufacturers, for £172.5M ($276M) in cash. The deal is expected to be dilutive to FY15 (ends Jan. '15) EPS, and accretive to FY16 EPS. (PR)
Delcam employs 600 people, and had revenue of £47.1M ($75.3M) in its last fiscal year; its shares are up 20.4% in London.
Autodesk has been aggressively snapping up design/manufacturing software companies and product lines as it contends with slow/negative growth in multiple verticals. The company's manufacturing software sales rose 2% Y/Y in the July quarter to $144M (26% of total revenue).