Autodesk announced Feb. 21 it intends to buy Revit Technology Corp., the developer and vendor of a parametric building modeler.
The $133-million cash deal needs approval from San Rafael, Calif.-based Auto-desk's shareholders, as well as the Federal Trade Commission. Phil Bernstein, vice president of Autodesk's Building Industry Division, says the FTC will rule on whether the purchase would cause unfair anti-competitive effects.