ICAM to be Acquired by Sandvik Coromant

Sandvik Coromant has signed an agreement to acquire Canada-based ICAM Technologies Corporation, a provider of solutions that translate CAM data into optimized coding for CNC machining operations. ICAM reportedly sells to globally renowned companies in the aerospace, defense, general engineering and automotive industries. The company will be report to Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

ICAM’s software combines post-processing, machine simulation and tool-path optimization into solutions that are said to save programming and part machining time, streamlining customer workflows as the user can go from their CAM system to G code in one step. ICAM’s offering is complimentary with the verification and optimization technology of CGTech, a global leader in software for NC/CNC simulation, verification and optimization, also owned by Sandvik and reporting into Sandvik Coromant.

John Nassr, owner of ICAM, says, “For many decades, ICAM and CGTech have seen the world of CAM systems, computers, operating systems, machine tools and their controls evolve exponentially. ICAM and CGTech continue to share the same prestigious customer base who use our products as part of the most dependable and accurate Virtual Part Manufacturing Process in all metal removal industries worldwide. On top of all this, we come from the same business culture, we have similar roots and depth-of-knowledge in a very complex world, guaranteeing that this new relationship holds huge potential and promise for developing even greater innovations for our customers for years to come.”

ICAM was founded in 1971 in Montreal, Canada and currently has 27 employees. The acquisition is expected to close during the fourth quarter of 2021 and is subject to customary closing conditions.