A California software company said Wednesday it will pay $34 million to buy Algor Inc. of O'Hara, which makes computer-aided engineering software used to design products ranging from mobile phones to oil pipelines.
Autodesk Inc. of San Rafael, Calif., said acquiring Algor will strengthen its own digital prototyping software, by adding advanced simulation functions.
Michael Bussler, Algor's president and founder, said his company has "enjoyed a longstanding partnership with Autodesk, and the combination of our proven technologies will be an exciting new chapter for our customers worldwide."
Autodesk, with more than 7,000 employees and $2 billion in annual revenue, said it intends to integrate Algor into its manufacturing solutions business unit, while continuing to sell and develop Algor's core product line.
Algor, founded in 1976 and incorporated in 1980, has 75 employees and the acquisition's effect on its local operations is uncertain.
Autodesk spokeswoman Clay Helm said because the agreement was just signed, "it would be premature to talk of facilities plans, long-term." The acquisition could close by late January.
Customers of Algor, according to its Web site, include the GM Powertrain unit of General Motors Corp., Hewlett-Packard Co. and Solar Power Industries Inc., of Belle Vernon.
Autodesk software is used in a wide range of products. The company announced this week that "Mortal Kombat vs. DC Universe" and many other top video games in stores this holiday season were built with its products.
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