Rhumbix Acquired by Autodesk — Technology M&A

Autodesk has acquired Rhumbix, a enterprise software business in the United States, for $456 million. Rhumbix provides cloud-based construction and engineering takeoff and estimating workflows that help teams quantify materials and manage project costs. Autodesk acquisitions of Rhumbix expand Autodesk’s construction technology portfolio and strengthen enterprise software acquisition capabilities for estimating and project planning. The Autodesk acquires Rhumbix deal is a strategic acquisition and add on acquisition, classified as technology M&A with undisclosed size details beyond the reported purchase price. The agreement was announced and is expected to close under standard definitive agreement terms.