RTTNews | Nov 17, 2020 06:12AM EST

06:11 Tuesday, November 17, 2020 (RTTNews.com) - Autodesk, Inc. (ADSK) has agreed to acquire Spacemaker for $240 million net of cash. Based in Oslo, Norway, Spacemaker uses cloud-based, artificial intelligence, and generative design to help architects, urban designers, and real estate developers make more informed early-stage design decisions faster. The acquisition is anticipated to complete during the company's fourth quarter of fiscal 2021.

"Spacemaker is a lesson in the power of insights and automation, giving designers the ability to create and test urban design ideas in minutes," said Andrew Anagnost, CEO and President of Autodesk.

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