SAN RAFAEL -- Three-dimensional-design software maker Autodesk Inc. (Nasdaq: ADSK), today said it finished the acquisition of PI-VR, a privately held German developer of simulation software for automobile manufacturers.
Terms of the transaction weren't disclosed.
“This acquisition brings to Autodesk a highly skilled team with deep expertise in high-end visualization that will help expand our offerings for the automotive industry,” said Buzz Kross, senior vice president of Design, Lifecycle and Simulation at Autodesk. PI-VR makes software for sophisticated real-time simulations. “The VRED technology helps solve a broad set of problems in the process of car design and engineering, and reduces the need for physical prototypes through the use of real-time, highly realistic visualization.”
Autodesk said it intends to integrate into the PI-VR platform Autodesk technologies from products such as Showcase, Alias, Maya, 3ds Max,, while continuing to sell, support and enhance the PI-VR product line.
At 12:20 p.m., the price of each Autodesk share of stock was $36.24, up 15 cents, from Monday's closing price.