Sandvik to acquire CNC Software
Sweden’s Sandvik plans to acquire US-based Computer Aided Manufacturing software company CNC Software.
CNC Software, which will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions, will add a “world-class” CAM brand in the Mastercam software suite, said Sandvik.
CNC has a base of around 270,000 licenses/users, as well as a strong market reseller network – financial details of the deal were not disclosed.
“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. The 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.
“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.
