Autodesk has announced it will acquire manufacturing software producer Delcam for $294m (£ 172.5m).
In a company statement, Autodesk president Carl Bass said "today we are taking an important step on our path towards delivering a better manufacturing experience".
"Together Autodesk and Delcam will help further the development and implementation of technology for digital manufacturing."
According to Atudoesk Delcam is "one of the world's leading suppliers of advanced CADCAM and industrial measurement solutions for the manufacturing industry".
"I am very excited by the opportunities from combining Delcam with Autodesk to create a compelling platform from which to service both companies’ manufacturing clients," Clive Martell, Delcam CEO, said.
"The offer is at a level which recognises the potential of Delcam and provides an attractive opportunity for shareholders to realize value for their current holdings in cash, while at the same time opening up new opportunities for our staff and partners operating within the wider platform of the Autodesk group."