Shareholders in Birmingham-based Delcam, one of the world’s leading suppliers of advanced software for manufacturing industry, have voted to accept an undisclosed offer from Autodesk to buy the company.
The acquisition by the Californian software design outfit is expected to be completed during February.
Headquartered in Small Heath, Delcam has more than 30 offices worldwide and over 700 employees.
The company’s range of design, manufacturing and inspection software provides automated solutions for a variety of industries, ranging from automotive and aerospace to footwear and healthcare.
A company statement said: “Autodesk and Delcam offer complementary ranges of software, with Autodesk’s programmes for design, engineering and entertainment able to be combined with Delcam strengths in manufacturing.
“On completion of the acquisition, Delcam will become a subsidiary of Autodesk.
“It will maintain its focus on accelerating the growth of its market share in the manufacturing sector, with the added strength that will come from being part of a larger organisation,” the company added.
“Delcam customers will continue to be supported by the skilled and experienced engineers, for which the company is renowned, through its global network of subsidiaries, joint ventures and sales partners” the statement continued.
UK Stock Exchange, Delcam has grown steadily since being founded in 1977, after initial development work at Cambridge University.
The takeover was approved by more than 98 per cent of Delcam shareholders. Financial details have not been revealed.