Flomerics to Autodesk: Save Us from Mentor

ShareCast reports that Flomerics doesn't like the unwanted, undervalued offer from Mentor Graphics, and is hoping Autodesk will pay a lot more more.

The company confirmed this morning that it is involved in discussions with Autodesk regarding a possible merger.

Flometrics specializes in software fluid dynamics and thermodynamics; Mentor Graphics does electronic design software. Interactive Investor reports that Mentor already owns nearly 30% of Flomerics.

Update

Mentor is offering only 102 pence (100 pence to the British pound), while Flomerics current share price is 112 pence.

Financial Times reports that Mentor's market capitalization is just $1.1 billion, while Flomerics is $9.3 billion on annual sales of $2.2 billion -- numbers very similar to that of Autodesk. It is not clear to me how Autodesk could afford Flomerics, perhaps only through a merger -- one that would double the size of ADSK instantly, a tantilizing thought, to be sure is much smaller, as commenters note. 

Comments

[Al Dean]

Ummm ralph - I think you got your numbers mixed - those ARE autodesk's numbers, but those of flomerics..

[Mark]

I believe that, per the FT article, the market cap of Flometrics is circa $55M USD, not $9.3B USD.

The $9.3B USD marketcap and $2.2B USD revenue figures relate to Autodesk.