Autodesk Mergers Continue; Buys Algor FEA

When I posted several days ago that economic downturn was a good time to invest in new technology, I didn't exactly have serial corporate takeovers in mind. Despite its fallen share price, Autodesk continues its series of acquisitions with its takeover of Algor. In business since 1974, ALGOR, Inc. is a long-standing provider of finite element analysis software.

It was announced on Tenlinks today that Autodesk is to buy Algor "for approximately $34 million". Similar announcements have been made on Yahoo Biz and Reuters.

According to the announcement in Reuters, "Upon completion of the acquisition, Autodesk's current intent is to integrate ALGOR into its Manufacturing Solutions business unit and to continue developing and selling ALGOR's core product line. Autodesk plans to continue developing the ALGOR products with an open approach, allowing direct data exchange between ALGOR products and multiple computer aided design software offerings."

Algor currently integrates their base static stress FEA "Designcheck" solution with several CAD CAM industry solutions, including Rhino, Cadkey, SolidWorks and Autodesk Mechanical Desktop. Several of Algor's strategic business partners were not anticipating the Autodesk takeover.