Advertisement
UK markets open in 6 hours 55 minutes

  • NIKKEI 225

    38,835.10
    0.00 (0.00%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • CRUDE OIL

    78.33
    -0.05 (-0.06%)
     

  • GOLD FUTURES

    2,323.20
    -1.00 (-0.04%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • Bitcoin GBP

    49,912.59
    -677.12 (-1.34%)
     

  • CMC Crypto 200

    1,295.57
    -69.56 (-5.09%)
     

  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Autodesk to buy Britain's Delcam for $277 mln

Reuters - UK Focus

Nov 7 (Reuters) - Autodesk Inc (NasdaqGS: ADSK - news) , a maker of computer-aided design (CAD) software, said it would buy Britain's Delcam Plc for 172.5 million pounds ($277 million), in a deal to expand the U.S. company's software offerings in the manufacturing sector.

Autodesk offered 20.75 pounds per share, a premium of 21 percent to Delcam (LSE: DLC.L - news) 's Wednesday close on the London Stock Exchange.

Autodesk said it expects to use non-U.S.-based cash for the deal.

"Together Autodesk and Delcam will help further the development and implementation of technology for digital manufacturing," Autodesk Chief Executive Carl Bass said in a statement.

ADVERTISEMENT

Birmingham-based Delcam is a supplier of advanced CADCAM and industrial measurement solutions for the manufacturing industry.

Autodesk expects the deal to be dilutive to its non-GAAP earnings in fiscal 2015, while adding to its non-GAAP earnings in fiscal 2016.