Autodesk to acquire Upchain PLM
Super quick: Autodesk just announced that it will acquire Upchain, maker of cloud-based PLM and PDM solutions. The acquisition price wasn’t disclosed but it appears that the companies expect the transaction to close by July 31, 2021.
In an email to industry analysts, Autodesk said this was a “significant investment on Autodesk’s path toward eliminating the inefficiencies, re-work and lost details that result from the numerous applications and platforms in use by today’s manufacturers”.
According to Crunchbase, Upchain launched in 2015, and has raised $7.4 million in funding since then.
Back to Autodesk’s email: “Why Upchain: Traditional design and manufacturing data management processes are inefficient, fraught with data loss and disconnected workflows. With this acquisition, Autodesk is positioned as the provider that will bridge the gap between data and process in manufacturing, creating better integration and collaboration from requirements gathering, through design and engineering, into production, including management of all the design, supply chain and BOM changes along the way.”
There’s a conference call at 11am ET and I’ll update if warranted.
Added at 10am ET: here’s a link to Autodesk’s FAQ about the deal.