Autodesk acquires construction software provider Pype at an undisclosed amount

NEW DELHI: Nasdaq listed Autodesk Inc, one of the global leaders in computer-aided design (CAD) software, has signed a definitive agreement to acquire Pype, a AI based construction software provider, at an undisclosed amount.

Both the companies have offices in India and after acquiring Pype, Autodesk India expect to capture larger share of real estate and construction market which is looking to finish projects in time despite the delay caused by COVID-19 induced lockdown.