Autodesk has entered into a definitive agreement to acquire MaintainX Inc., a Delaware corporation, for approximately $3.575 billion. The acquisition will be structured as a merger, resulting in MaintainX becoming a wholly-owned subsidiary of Autodesk. The transaction will be financed through a combination of cash on hand and debt financing.
Key Details
- Acquisition Target & Price: Autodesk will acquire MaintainX Inc. for an aggregate consideration of approximately $3.575 billion, subject to customary adjustments.
- Transaction Structure: The deal is structured as a merger, and it is not subject to any financing conditions.
- Financing: Autodesk intends to finance the transaction using cash on hand and debt, which is expected to include borrowings under a new 364-day term loan facility.
- Timeline & Conditions: The earliest the transaction can be consummated is August 3, 2026. The merger is subject to customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act.
- Employee Incentives: Following the closing, Autodesk will grant restricted stock unit (RSU) awards with an aggregate value of $150 million to MaintainX's continuing employees.