Companies are striving to enhance communication and collaboration across all teams involved in construction projects. SAN RAFAEL, CA, Nov 20, 2018 — Autodesk, Inc. (NASDAQ: ADSK) has announced a definitive agreement to acquire PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. This strategic move aims to strengthen Autodesk’s cloud-based construction platform by integrating PlanGrid’s innovative tools into its ecosystem. PlanGrid’s software is designed to help general contractors, subcontractors, and project owners in various industries—such as commercial and heavy civil construction—collaborate more efficiently throughout the entire project lifecycle. With real-time updates, it ensures that both on-site workers and office teams stay aligned. The platform provides instant access to blueprints, punch lists, daily reports, progress photos, submittals, and more, making it an essential tool for modern construction management. “As design and construction become more intertwined, Autodesk is bridging the gap between design data and on-site execution,†said Andrew Anagnost, CEO of Autodesk. “Digitization and automation present a massive opportunity to streamline construction processes. By acquiring PlanGrid, we’re accelerating our mission to improve workflows for every stakeholder involved.†Tracy Young, CEO of PlanGrid, added, “Our focus has always been on empowering construction professionals to work more efficiently. One of the key steps to boosting productivity is adopting digital workflows with centralized data. While PlanGrid has excelled in creating user-friendly field collaboration tools, Autodesk brings expertise in connecting design to construction. Together, we can deliver greater efficiency and predictability on job sites.†Integration Strategy Jim Lynch, Construction General Manager at Autodesk, explained, “This acquisition opens new growth opportunities for general contractors, subcontractors, and owners alike. We plan to integrate PlanGrid’s software with Autodesk Revit and BIM 360, enabling seamless information exchange across all project participants.†Autodesk and PlanGrid have built complementary integration ecosystems that allow customers to connect with other third-party applications. The acquisition is expected to expand this network, offering users a flexible and scalable platform for testing and implementing new working methods. Financial Terms and Outlook The deal is subject to standard closing conditions and is anticipated to be finalized during Autodesk’s fourth quarter of fiscal 2019, which ends on January 31, 2019. Since the exact timing remains uncertain, Autodesk hasn’t included any impact on its financial outlook for the quarter. However, the company expects the acquisition to have a minor positive effect on revenue and a small negative impact on profitability and cash flow for the fourth quarter. For fiscal year 2020, Autodesk anticipates PlanGrid to contribute approximately $100 million in annual recurring revenue, with a slight dilutive impact on profitability and cash flow. Despite this, the company continues to target its free cash flow goals for the year. For additional details about the acquisition, including company background, product synergy, and customer feedback, you can view the full PDF here. Investor Call and Webcast This news will also be discussed during Autodesk’s third-quarter earnings call today at 5:00 p.m. EST. The live webcast can be accessed at http://www.autodesk.com/investor. Supplemental financial information and prepared remarks will be available on the investor relations section of Autodesk’s website at the same time as this release. A recording of the call will be available from 7:00 p.m. EST at the same URL and will remain accessible for at least 12 months. Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties, including the planned acquisition of PlanGrid, the timing of the transaction, and its impact on Autodesk’s business performance. Other factors include the ability to successfully integrate PlanGrid, potential costs, industry growth expectations, competitive dynamics, product development success, and market conditions. More details about these risks are outlined in 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 does not undertake any obligation to update the forward-looking statements provided here. Bond Paper Sheets,Bond Sheet Paper,White Bond Paper,Ivory Bond Paper Puyang Longfeng Paper Co.,Ltd. , https://www.lonfonpaper.com