High-purity titanium sputtering targets for integrated circuits, flat plate targets for the LCD display industry, sputtering targets for semiconductor components, and targets for the solar industry. High purity titanium evaporative material is widely used in vacuum coating..High purity titanium wire can be used as bonding material for human implant devices; In biology, medicine and other fields, has a large number of applications such as Large-scale integrated circuit manufacturing, LCD targets, decorative coatings. Stainless Steel Belt,Thin Titanium Foil Belt,S316 Foil Stainless,Chrome Nickel Base Alloy Ningbo Boss Metal Material Co., Ltd. , https://www.boss-metal.com
Autodesk to Acquire PlanGrid to Accelerate Construction Productivity
**Companies Aim to Enhance Communication Across All Construction Teams**
**SAN RAFAEL, CA, November 20, 2018** — Autodesk, Inc. (NASDAQ: ADSK) has entered into a definitive agreement to purchase PlanGrid, a top provider of construction productivity software, for $875 million net of cash. This acquisition will allow Autodesk to provide a more complete, cloud-based construction platform.
PlanGrid software enables general contractors, subcontractors, and owners in commercial, heavy civil, and other sectors to collaborate throughout the entire construction project lifecycle. With features like real-time communication, it ensures that both the field and office remain aligned. Builders can access project blueprints, punch lists, task assignments, progress photos, daily field reports, submittals, and much more instantly.
“As designing and manufacturing converge, Autodesk is linking project data from design through construction and delivering predictive insights directly to contractors,†said Andrew Anagnost, CEO of Autodesk. “There’s a massive chance to optimize every part of construction via digitization and automation. Acquiring PlanGrid will speed up our initiatives to enhance construction processes for everyone involved.â€
“At PlanGrid, we’re fully committed to empowering construction workers to operate as efficiently as possible,†said Tracy Young, CEO of PlanGrid. “One of the initial steps toward boosting construction efficiency is adopting digital workflows with centralized data. PlanGrid has excelled at creating elegant, straightforward field collaboration tools, while Autodesk has concentrated on bridging design and construction. Together, we can boost productivity and predictability on job sites.â€
**Proposed Integration**
Jim Lynch, Construction General Manager at Autodesk, noted, “This deal allows us to deliver even more value to general contractors, and opens up fresh growth prospects with subcontractors and owners. We plan to merge workflows between PlanGrid’s software and both Autodesk Revit software and the Autodesk BIM 360 construction management platform, ensuring smooth information exchanges among all team members.â€
Autodesk and PlanGrid have built complementary construction integration ecosystems where customers can connect other software applications. The acquisition is expected to grow this integration partner network, providing customers with a flexible platform to experiment and scale innovative methods of working.
**Terms and Business Outlook**
The transaction is subject to standard closing conditions and is anticipated to conclude during Autodesk’s fourth quarter of fiscal 2019, which ends on January 31, 2019. Since the exact timing of the close remains uncertain, Autodesk has not incorporated any impacts into its business outlook for the fourth quarter. However, the company anticipates a slight positive effect on revenue and only a minor negative influence on profitability and cash flows for the quarter. For fiscal year 2020, Autodesk expects PlanGrid to contribute roughly $100 million in ARR and be somewhat dilutive to profitability and cash flow. Including the transaction, the company is maintaining its free cash flow goals for the year.
For additional context on the acquisition, including company details, product synergy, and customer feedback, please refer to the accompanying PDF document.
**Conference Call and Webcast**
This announcement will also be discussed during Autodesk’s third-quarter earnings conference call today at 5:00 p.m. EST. The live broadcast can be accessed at [http://www.autodesk.com/investor](http://www.autodesk.com/investor). Supplementary financial information and prepared remarks for the conference call will be posted to the investor relations section of Autodesk’s website simultaneously with this press release.
A replay of the broadcast will be available at 7:00 p.m. EST at [http://www.autodesk.com/investor](http://www.autodesk.com/investor). This recording will be retained on Autodesk’s website for at least 12 months.
**Safe Harbor Statement**
This press release includes forward-looking statements that involve risks and uncertainties, such as: the planned acquisition of PlanGrid and its timeline, the impact of the acquisition on Autodesk’s guidance issued on November 20, 2018, and business performance; the effect of the transaction on Autodesk’s and PlanGrid’s product and service capabilities, customers, and partners; and Autodesk’s plans to refine construction workflows.
Factors that might lead to different outcomes include: Autodesk’s capability to smoothly integrate PlanGrid’s business, costs associated with the acquisition, whether the construction sector grows as expected, competition in the construction industry and how competitors respond to the acquisition, the success of Autodesk and PlanGrid in developing new products or enhancing existing ones and the extent to which these offerings achieve market acceptance, general market and business conditions, unforeseen impacts of accounting for acquisitions, and the ability to meet the conditions for completing the acquisition on the anticipated schedule or at all.
For further details on potential factors that could affect Autodesk’s financial results, please consult Autodesk’s Annual Report on Form 10-K for the fiscal year ended January 31, 2018, and Quarterly Reports on Form 10-Q for the fiscal quarters ended April 30, 2018, and July 31, 2018, which are filed with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update these forward-looking statements to reflect events or circumstances occurring after the dates they were made.