Autodesk, BIM 360 and Revit are registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. Autodesk Completes PlanGrid Acquisition: Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. This acquisition brings two complementary offerings under one roof, so I'm excited to see how Autodesk and PlanGrid will work together to encourage collaboration between the project team and owners from the time a building is conceived, all the way through to handover.". As a valued PlanGrid customer, you’re probably curious about what this means for you. And, we're using PlanGrid to help everyone in the field build off the most current data set. Today, I’m proud to announce and share with you that Autodesk will be acquiring PlanGrid. "PlanGrid has excelled at building a product portfolio and go-to-market engine for satisfying the needs of how project teams use critical project documentation to streamline everyday construction tasks," said Andrew Anagnost, Autodesk CEO. Autodesk and PlanGrid have developed complementary construction software. Watch the video below for a message from Autodesk CEO, Andrew Anagnost, and PlanGrid CEO, Tracy Young. For fiscal year 2020, Autodesk expects PlanGrid to contribute approximately $100 million in ARR and be slightly dilutive to profitability and cash flow. SAN RAFAEL, Calif., Dec. 20, 2018 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. Today, Autodesk also announced its intent to acquire BuildingConnected. PlanGrid is used on more than 1.5 million projects across commercial, heavy civil and other industries in 100+ countries. Autodesk funded the transaction using a combination of cash on hand and a short-term loan. PlanGrid Acquisition The company also completed the acquisition of PlanGrid, a provider of construction productivity software, for $875 million net of cash. This event is an important milestone, as it accelerates PlanGrid and Autodesk’s joint vision of helping close the construction labor productivity gap with technology. Bob Clark, Clayco founder and CEO, said, "When a construction site relies on paper-based processes, they risk having outdated documents that could result in delays. While our software is just... How to Create Superior As-Builts and Wow Clients Most of us can barely remember what we had for breakfast on Tuesday, let alone what we did on a work project back in 2014. As the acquisition closed on December 19, 2018, only a partial quarter of PlanGrid's financial results will be reflected in Autodesk's fourth quarter of fiscal 2019, ending January 31, 2019. This event is an important milestone, as it accelerates PlanGrid and Autodesk’s joint vision of helping close the construction labor productivity gap with technology. Autodesk recently announced its intent to acquire PlanGrid, and the transaction is now complete. The PlanGrid acquisition is the largest ever by Autodesk, emphasizing just how important the mission of digitizing construction is to Autodesk as an organization. Autodesk gives you the power to make anything. Autodesk funded the transaction using a combination of cash on hand and a short-term loan. A: On Nov 20, 2018 Autodesk announced that it signed an agreement to acquire PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. November 17-20 ... PlanGrid is the first construction productivity software that allows contractors and owners in commercial, heavy civil, and other industries to work and collaborate from anywhere Autodesk’s BIM 360 construction management platform connects the people, data and workflows on construction projects by supporting informed decision-making throughout the project lifecycle. San Rafael, California (December 20, 2018)—Autodesk Inc. has completed the acquisition of PlanGrid, provider of construction productivity software, for $875 million net of cash.Autodesk funded the transaction using a combination of cash on hand and a short-term loan. By combining our capabilities, Autodesk and PlanGrid can provide construction customers with immediate benefits and help them prepare for new and innovative ways of working, thanks to technology that improves the design, construction and operations phases.". 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