Autodesk Purchases MaintainX for $3.6B; Gains $135M ARR
ADSK•Autodesk will acquire MaintainX for $3.6 billion in cash, funding $1.6 billion from reserves and borrowing the balance, adding $135 million of ARR growing over 50% and closing by January 2027. The company posted fiscal Q1 revenue of $1.93 billion, an 18.4% gain, and non-GAAP EPS of $2.99, but shares fell 5% pre-market.
1. Deal Terms
Autodesk agreed to acquire MaintainX in an all-cash $3.6 billion transaction, funding $1.6 billion from cash reserves and financing the remainder through debt, with the deal expected to close before January 2027 pending regulatory approval.
2. MaintainX Platform and ARR
MaintainX’s maintenance and operations software helps teams track work orders, inspections and asset data; the San Francisco-based company is projected to generate over $135 million in annualized recurring revenue in 2026 with growth above 50%.
3. Q1 Financial Results
In the fiscal first quarter, Autodesk reported $1.93 billion in revenue, up 18.4% year-over-year, with subscription revenue climbing 19.2% to $1.84 billion. Adjusted EPS reached $2.99, surpassing estimates, and free cash flow hit $876 million, supported by a 45.3% free cash flow margin.
4. Market Reaction and Strategic Rationale
Shares fell roughly 5% in pre-market trading as investors weighed the impact of Autodesk’s largest acquisition ever and the anticipated rise in leverage. Management expects MaintainX to deepen customer engagement by integrating operational data into its digital twin and AI-driven solutions.
