Autodesk to acquire MaintainX for $3.6 billion in push into operations
Autodesk Inc. has agreed to buy maintenance and operations software company MaintainX Inc. in an all-cash deal valued at about $3.6 billion, extending the design software maker beyond its core tools into the running of factories, facilities and physical assets.
The deal was announced alongside Autodesk’s first-quarter earnings. It marks Autodesk’s push into operations, a market it has so far touched only at the edges. It’s the largest acquisition in the company’s history.
Autodesk will fold MaintainX into a new unit, Autodesk Operations Solutions, alongside existing products that include the Tandem digital twin platform, simulation software Flexsim and Fusion Operations.
MaintainX builds software used to manage maintenance activity, work orders, inspections and asset records, much of it on the factory floor and in the field. Autodesk said the company gives it access to high-frequency data on asset condition, maintenance history and real-world performance, the kind of information that feeds artificial intelligence systems making decisions about physical equipment.
