Autodesk, Inc., a provider of design innovation technologies, recently announced that it will acquire ALGOR, Inc., a provider of analysis and simulation software. The purchase price is $34 million.
ALGOR's computer aided engineering software is used for product design and development in the automotive, aerospace, medical, consumer products, defense, energy and utilities industries. The acquisition will strengthen the Autodesk solution for Digital Prototyping with new advanced simulation functionality, including multiphysics, mechanical event simulation and fluid flow.
"The acquisition of ALGOR will add significant new capabilities to virtually test and predict the impact of simultaneous real world conditions like heat and pressure on product designs," said Robert "Buzz" Kross, senior vice president of Autodesk Manufacturing Solutions.