Autodesk agreed to acquire MaintenanceX, an operations and maintenance software company, in an all-cash deal valued at approximately $3.6 billion, the company said Wednesday.
The deal is the largest acquisition in Autodesk’s history, according to SiliconAngle. Its software helps factory and facility teams track work orders, inspection records, asset data, and daily maintenance activity. The San Francisco-based company expects to generate more than $135 million in annualized recurring revenue in 2026, growing more than 50%, the company said.
Autodesk plans to finance the transaction with approximately $1.6 billion in cash and borrow the rest, according to Bloomberg. The deal is subject to regulatory review and is expected to close before the end of Autodesk’s current fiscal year, which ends in January 2027.
MaintenanceX will be folded into a new Autodesk division, Autodesk Operations Solutions, joining existing offerings such as Fusion Operations, digital twin platform Tandem and simulation tool Flexsim, the company said.
The acquisition aims to connect the teams that design and build physical assets with the teams that operate and maintain them. Through MaintenanceX, Autodesk said it gains a stream of operational data – covering equipment health, service history and actual asset performance in the field – that can inform AI-based decision making around physical infrastructure.
“Autodesk is expanding beyond design and manufacturing into operations, ensuring data and insights flow seamlessly in a continuous lifecycle,” CEO Andrew Anagnost said in a statement. “Our goal with MantenimientoX is to bring deep operational expertise, contextual data and workflows that enhance our ability to use AI to converge the digital and physical worlds.”
KeepX founder and CEO Chris Turlica said the combination would allow the two companies to “connect the teams that design and build assets with the teams that operate and maintain them every day.”
Moving into operations, Autodesk said, would deepen ties with customers over a longer horizon, stretching from years to decades, while opening up greater share of the overall market. MaintainX was founded in 2018, according to SiliconAngle.
Autodesk released the news alongside its fiscal first-quarter earnings report. Shares fell about 4% in extended trading after the close, according to Bloomberg.