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Firm Acquires Portland Water Infrastructure Biz for $1B : CEG
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Autodesk to acquire smart water infrastructure software maker Innovyze for $1B
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Autodesk Acquires Innovyze for $1 Billion
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Based in Portland, Oregon, Innovyze s technology is used by organizations such as water and sewer utilities, river and flood authorities and manufacturing plants to design things like water distribution networks, water collection systems, water and wastewater treatment plants, and flood protection systems.
Its software is used in cities across North America, Europe, East Asia, Australia, and New Zealand, and they have over 3,000 customers, Autodesk said.
Autodesk plans to combine Innovyze s portfolio with its existing design and analysis software, including Autodesk Civil 3D, Autodesk InfraWorks, and the Autodesk Construction Cloud. The aim is to offer key players in the water industry a platform to better respond to issues and to improve planning, and ultimately support the modernization of water infrastructure globally.