Sandvik Acquiring CAD/CAM Company Cambrio
Sandvik has agreed to acquire CAD/CAM company Cambrio. This purchase will add additional automated workflow capability to Sandvik’s software portfolio.
Sandvik has signed an agreement with Battery Ventures to acquire Cambrio and its portfolio of CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace. Cambrio will join Sandvik Manufacturing and Machining Solutions’ Design & Planning Automation division.
"This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing space, with special focus on industrial software close to component manufacturing, industrial metrology and additive manufacturing solutions,” says Stefan Widing, president and CEO of Sandvik. “Cambrio will enable a broadened customer offering, covering more of the total manufacturing value chain."
Sandvik aims to provide customers with software solutions enabling automation of the full component manufacturing value chain — from design and planning to preparation, production and verification. The company believes that acquiring Cambrio will establish Sandvik as important within the CAM market for both toolmaking and general-purpose machining. Cambrio’s portfolio, including GibbsCAM for production milling, turning and mill-turn operations; Cimatron for mold and die; and SigmaNEST for sheet metal fabrication, will complement Sandvik Manufacturing Solutions’ existing customer offering.
"With the addition of Cambrio's product offering, we will be able to help our customers to further increase productivity in the broader value chain,” says Mathias Johansson, president of Sandvik Manufacturing Solutions’ Design & Planning Automation division. “We share the same desire to automate workflows and make our customers more efficient and sustainable.”
The transaction is expected to close in the second half of 2021 and is subject to customary regulatory approvals.
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