Sandvik has signed an agreement to acquire US-based CNC Software Inc., a leading provider of CAD/CAM software solutions for manufacturing industries and the company behind Mastercam, one of the most widely used CAM brands in the industry.
By acquiring CNC Software, Sandvik gains a world-class CAM brand in the Mastercam software suite with an installed base of around 270 000 licenses/users, the largest in the industry, as well as a strong market reseller network and well-established partnerships with leading machine makers and tooling companies.
“This is in line with our strategic focus to grow in the digital manufacturing space, with special attention on industrial software close to component manufacturing. An acquisition of CNC Software and the Mastercam portfolio, in combination with our existing offerings and extensive manufacturing capabilities, will make Sandvik a leader in the overall CAM market measured in installed base. CAM plays a vital role in the digital manufacturing process, enabling new and innovative solutions in automated design for manufacturing,” says Stefan Widing, President and CEO of Sandvik.
CNC Software has a strong market position in CAM, and particularly for small and medium-sized manufacturing enterprises (SMEs), something that will support Sandvik’s strategic ambitions to develop solutions to automate the manufacturing value chain for SMEs – and deliver competitive point solutions for large original equipment manufacturers (OEMs). Combining the strengths of Mastercam with Sandvik’s offering and know-how within machining is expected to be an important enabler in automating the customers’ end-to-end manufacturing processes.
“Mastercam will be the cornerstone in Sandvik’s CAM portfolio, further improving machining productivity by combining our machining know-how with their CAM expertise to improve quality and reduce waste for our customers. Specifically, we will leverage data capture and use to secure efficient tool selection and tool path optimisation for our customers. I look forward to welcoming the CNC Software team to Sandvik,” says Mathias Johansson, President of the Design & Planning Automation Division in Sandvik Manufacturing Solutions.
CNC Software is an independent, family-owned company founded in 1983, headquartered in Tolland, Connecticut, USA, with 220 employees.
“We at CNC Software are extremely excited to be joining the Sandvik family. The two companies share many of the same values and objectives, but above all we share a passion for manufacturing. Together we will harness our joint resources to accelerate the development of Mastercam, while continuing to maintain our unique standards of local support through our experienced global Reseller channel. I am personally very excited at the prospect of working with Sandvik as it will allow us to accelerate our progress in achieving our mission of to create software and services that solve the world’s manufacturing challenges,” says Meghan West, CEO CNC Software, Inc.
The transaction is expected to close Q4 2021, subject to customary regulatory approvals. CNC Software will organisationally belong to the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.
Acquires Cambrio CAD/CAM software
At the beginning of July 2021 Sandvik announced that the company had signed an agreement with Battery Ventures to acquire US-based Cambrio, a leading company with an end-to-end portfolio in CAD/CAM software. Cambrio’s product portfolio includes GibbsCAM for production milling, turning, and mill turn operations, Cimatron for mould and die, as well as SigmaNEST for sheet metal fabrication.
Chuzhou Yongpu Carbide Tools
It has also been announced that Sandvik has completed the previously announced acquisition of 67% of Chuzhou Yongpu Carbide Tools Co., Ltd, a China based premium solid round tools company, with a call option to buy the remaining part in three years’ time.
Sandvik acquires Polish round tools company Fanar
Sandvik has also signed an agreement to acquire the Polish company Fabryka Narzędzi Fanar SA, a manufacturer of round tools. The company will be reported on in Seco, a division within the business area of Sandvik Manufacturing and Machining Solutions.