Intergraph Acquires COADE, Leading Pipe Stress Software Provider
Intergraph®, the world’s leading provider of enterprise engineering software to the process, power, and marine industries, has acquired COADE® Holdings Inc., provider of CAESAR II®, PV Elite™ and TANK™ products, the industry’s most widely used software for pipe stress, pressure vessel, and storage tank analysis, as well as its popular CADWorx® plant design suite.
The strategic acquisition of COADE is Intergraph’s largest in the process, power, and marine market. Terms of the deal were not disclosed. The acquisition will expand Intergraph’s SmartPlant® Enterprise engineering solution suite by bringing together the world leaders in plant design and pipe stress analysis. The expansion of Intergraph’s SmartPlant Enterprise design, construction, and data management solutions with COADE’s analysis offerings creates a powerful software solution that will provide users in the marketplace with unmatched capabilities.
The acquisition of the Houston-based software provider also extends Intergraph’s market presence and ability to serve smaller projects with COADE’s CADWorx solution, a modular, AutoCAD-based 3D plant design system. Intergraph is ranked as the No. 1 worldwide 3D design and process engineering tools (PET) provider according to the PET Worldwide Outlook Market Analysis and Forecast through 2013 by the ARC Advisory Group.
For more information about the COADE acquisition, please visit
www.intergraph.com/ppm /coade.aspx
