Yesterday I met Autodesk’s Ken Bado (executive vice president of sales and services) and the first thing we talked about was the potential acquisition of CFD specialist developer, Flomerics. Bado wanted to set the record straight and said that Autodesk was no longer interested in buying the company.
There had been huge speculation of a deal after Flomerics issued a statement to shareholders announcing that the board was in discussions with Autodesk over a possible offer for the company. The move followed aggressive share purchases by silicon design tool specialist, Mentor Graphics.
In an added twist to the plot Mentor has just become the subject of a potential hostile take over from its biggest competitor, Cadence. In a highly fluid situation, Autodesk’s shock decision to pull out of negotiations further muddies the waters, as to what fate Flomerics will have.
While a deal now looks unlikely, autodesk has shown its hand and has interests to add high-end CFD to its mechanical pot. The news probably has SolidWorks execs in Boston breathing a sigh of relief too, as had Autodesk got hold of it, Floworks would have vanished.