Autodesk Acquires Water Infrastructure Provider Innovyze for $1B
Autodesk announced Wednesday that it has signed a deal to acquire Innovyze, a provider of water infrastructure modeling, simulation, and predictive analyses technology, for $1 billion. The acquisition is the largest in Autodesk’s history and is meant to position Autodesk as a provider of end-to-end software for the operations of water infrastructure.
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.
