This past week at Autodesk University 2020 was nothing short of incredible. We had so much happening—from new tool releases to exciting updates. It almost felt like a more personal experience compared to previous in-person events because we introduced plenty of ways for everyone to connect directly with one another and our Autodesk team.
One announcement that really stood out to me—and something I’m genuinely thrilled about—is our plan to acquire Spacemaker. Spacemaker will become part of Autodesk’s Architecture, Engineering, and Construction (AEC) Design Solutions Group (where I work), bringing us a robust platform powered by AI for modern, user-focused automation. This acquisition will significantly enhance our ability to offer architects and project owners advanced, outcome-driven design solutions. However, before we get too ahead of ourselves, let me remind you that this deal is still subject to standard closing conditions and is expected to wrap up sometime during Autodesk's fourth quarter of fiscal 2021, which ends January 31, 2021.
Spacemaker, founded in 2016 and headquartered in Oslo, Norway, has developed a cloud-based AI tech aimed at helping architects, urban planners, and real estate developers make the most out of their building sites right from the early design phases. Their platform provides more sustainable design options early on and fosters collaboration across all project disciplines. What sets Spacemaker apart is its exceptional team—out of their 110 employees, over 60% are technical experts, including architects, data scientists, PhDs, software engineers, and designers. Their expertise positions them perfectly to tackle the complex challenges facing the AEC industry. Interestingly, Spacemaker’s CEO and co-founder, Havard Haukeland, originally trained as an architect before transitioning into entrepreneurship.
Adding Spacemaker to our lineup means customers can now experiment with various design iterations while fine-tuning them to meet specific site requirements. This gives them more room to focus on the creative side of their projects. Over the next few months, we’ll collaborate closely with the Spacemaker team to expand their current offerings while exploring ways to integrate their technology into our existing product suite. Opportunities to enhance FormIt, our AEC conceptual design tool, and streamline workflows with Revit are definitely on the table. Additionally, Spacemaker fits seamlessly with our existing analysis tools like Insight, our carbon analysis tool, and we’re eager to push forward with sustainability analysis for our clients.
This acquisition isn’t just about expanding into architecture—it’s about infusing more automation into our products as we continue innovating for the future of Building Information Modeling (BIM).
I couldn’t be more excited to have the Spacemaker team join Autodesk as we deepen our commitment to you and the future of design.
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**Safe Harbor Statement**
This post includes forward-looking statements that come with inherent risks and uncertainties. These statements cover topics such as the planned Spacemaker acquisition, its potential impact on Autodesk’s business and performance, how it might affect both companies' products, services, customers, and partners, and Autodesk’s broader strategic goals. Actual outcomes may vary due to several factors, including Autodesk’s ability to smoothly integrate Spacemaker’s operations, associated costs, competition within architecture, urban planning, and real estate sectors, the success of new product development or modifications to existing ones, and whether the acquisition meets the required closing conditions on time—or at all.
For more details on these risks, refer to Autodesk’s Form 10-K and subsequent Forms 10-Q, which are available through the U.S. Securities and Exchange Commission. Autodesk does not intend to update these forward-looking statements to account for events or circumstances occurring after they were made.
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