ITW Buys Ameri-CAD Architectural Service, Software Division
 ALLEN, Texas,
August 13, 2007 - Illinois Tool Works, Inc (NYSE: ITW) acquired Texas based
Ameri-CAD, Inc. The acquisition includes Ameri-CAD’s architectural services
division as well as software solutions VisionREZ & VUDOX.
“Illinois Tool Works acquisition of Ameri-CAD enables us to more quickly
and effectively deliver on the promise of technology to a fragmented housing
industry. Ameri-CAD’s intelligent model based CAD software integrates and
consolidates architectural, engineering and manufacturing data resulting in
improved communication, and enhanced Return On Investment. We are very
pleased to have access to Illinois Tool Works resources, construction
related subsidiaries, and international reach to leverage Ameri-CAD to new
levels of customer satisfaction.” – Jimmy Moore, Ameri-CAD, Inc. - CEO
“Ameri-CAD’s joining of forces with ITW will allow us to lead the housing
industry into the next generation of execution through unifying residential
architecture, engineering and manufacturing into one cohesive process” –
Darwin Belt, Ameri-CAD, Inc. - President
“We welcome Ameri-CAD to the ITW family of businesses. Ameri-CAD will
function as a separate Business Unit in the ITW Building Components Group,”
said Antonio Justice, ITW Building Components Group, Vice President. “ITW
has home building products and services to deliver to the residential
building process. Ameri-CAD has the VisionREZ software and Architectural
Services to consolidate and streamline the fragmented residential industry.
The combination can lead to a design innovation, where our software,
services and products help customers experience what they are going to build
before they build it.”
About Illinois Tool Works, Inc.
A leading international business corporation with nearly 100 years of
history, Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer
of advanced industrial technology. A multibillion-dollar company, ITW today
designs and manufactures fasteners and components, equipment and consumable
systems and a variety of specialty products and equipment for customers
around the world.
The 750 decentralized business units that comprise our international
business corporation are located in 49 countries and employ approximately
55,000 men and women who are focused on creating value-added products and
innovative customer solutions.
During its nearly 100 years of existence, ITW's recipe for success has
been focused on creating value-added products for key customers around the
world. We do this by growing our business and making acquisitions that
provide additional product solutions to our customers.
Website: http://www.itw.com/
Website: http://www.itwbcg.com/
About Ameri-CAD, Inc.
Synchronizing the Housing Industry - An industry that combines a variety
of skills to create something as lasting as a home or building needs a
special form of communication all its own. Builders, designers, architects,
managers, estimators and contractors sharing the same vision should speak
the same language – The Language of Building®. Ameri-CAD has provided this
language for product development through Autodesk powered software-systems,
and Architecture / Engineering / Construction services since 1989. The
Language of Building enhances the building process by generating data that
can be shared in the internal enterprise and across cooperative networks. As
these ideas move through development phases, they are distributed
electronically for ease of analysis, feedback and distribution. Product
development objectives are achieved through:
- Integration – Creating vertical relationships among disparate
elements of the product development cycle to improve efficiency.
- Communication – Effectively capturing product data and
conveying the information to the extended enterprise through the
Internet.
- Consolidation – generating ROI by bringing a fragmented
industry together with a common language built on an industry standard
drawing format.
The acquisition of Ameri-CAD by Illinois Tool Works adds exponentially to
Ameri-CAD’s capacity to deliver on the promise of technology to the housing
industry.
Websites: http://www.americad.com
http://www.visionrez.com
http://www.vudox.com
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Source: Material used in press releases is often supplied by external
sources and used as is.
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