Innovyze to be acquired by Autodesk

Autodesk, Inc. has announced it has signed a definitive agreement to acquire Portland, Oregon-based Innovyze, Inc., a provider of water infrastructure software, for $1 billion net of cash subject to working capital and tax closing adjustments.

The acquisition positions Autodesk as a technology leader in end-to-end water infrastructure solutions from design to operations, accelerates Autodesk’s digital twin strategy, and creates a clearer path to a more sustainable and digitized water industry.