• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

VPNW.com

virtual publishing network

  • About
  • Sponsored Post
  • Make a Contribution
  • Contact

Swedish engineering group Sandvik targets CAM market by acquiring leading CAM software company Cambrio

July 1, 2021 By admin Leave a Comment

Sandvik to acquire leading CAM software company Cambrio

SANDVIKEN, Sweden. – Sandvik has signed an agreement with Battery Ventures to acquire US-based Cambrio, a leading company with an end-to-end portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace. Cambrio will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.

“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. Cambrio will enable a broadened customer offering, covering more of the total manufacturing value chain,” says Stefan Widing, President and CEO of Sandvik.

Sandvik’s strategic ambition is to provide customers with software solutions enabling automation of the full component manufacturing value chain – from design and planning to preparation, production and verification. Computer Aided Manufacturing (CAM) plays a vital role in the digital manufacturing process, creating an offer of automated solutions from design to machining.

By acquiring Cambrio, Sandvik will establish an important position in the CAM market that includes both toolmaking and general-purpose machining. This will complement the existing customer offering in Sandvik Manufacturing Solutions.

Cambrio’s product portfolio includes GibbsCAM for production milling, turning, and mill turn operations, Cimatron for mold and die, as well as SigmaNEST for sheet metal fabrication.

“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. We share the same desire to automate workflows and make our customers more efficient and sustainable. I look forward to welcoming the Cambrio team to Sandvik,” says Mathias Johansson, President of the Design & Planning Automation division in Sandvik Manufacturing Solutions.

Cambrio is headquartered in Ohio, USA, and has 375 employees. In 2020, the company had revenues of about SEK 628 million (68 million USD) with an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik’s earnings per share will initially be neutral. The parties have agreed not to disclose the purchase price.

The transaction is expected to close in the second half of 2021 and is subject to customary regulatory approvals.

Conference call

There will be a conference call related to the intended acquisition on July 1, 2021 at 14.00 CEST for analysts, investors and financial media. The conference call will also be available in ‘listen-only’ mode on Sandvik’s website. Please see home.sandvik for dial-in details and presentation material.

Dial-in numbers for the conference call:

SE: +46 8 505 583 66

UK: +44 333 300 9030

US: +1 646 722 4904

SOURCE Sandvik

Related

Filed Under: News Tagged With: M&A, manufacturing, mergers and acquisitions

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Opinion

Government support to Ukraine as percent of donor GDP
Starbucks will close all its business in Russia
Palestinian Authority security officers attacking journalists
World’s Largest Diamond Trading Network Bans Russian Source Diamonds
it’s a mistake to appease dictators who invade their neighbors
China is punching its own economy, repeatedly
Xi Jinping shows no sign of picking a successor

Press Media Release

Clarivate Names World’s Leading Journals with the 2022 Journal Citation Reports
Adorama Business Solutions Launches Federal Government Purchasing Portal
Bezos Earth Fund Announces First Commitments to Marine Protection at UN Ocean Conference
Russia is now just hours away from its first foreign default
How are key trends shaping marketing and public relations?
EPPA : New Study Shows That Making Reusable Containers for Takeaway Obligatory Will Undermine the EU’s Environmental Goals
SYSTECH is to Exhibit Fully Integrated Container and Fleet Tracking Solutions in Mexico

Secondary Sidebar

GameTech Market

Over 1,600 Gamers Participate In OPPO Gaming Challenge Brought to You by Dubai Summer Surprises
SciPlay Acquires Leading Casual Game Developer and Operator Come2Play
CodeCombat Featured at the 33rd Annual International Olympiad in Informatics
Top Gaming Brand Turtle Beach Announces Entry Into Game Controllers and Gaming Simulation Hardware at E3 2021
2021 Is ‘Breakout Year’ For Gaming, Experts Agree At CES 2021 LG Trends & Tech Spotlight Session
Firestoke Announce $2.2m Seed Funding Round Led by Hiro Capital to Publish Joyful Indie Games for a Global Audience
Call of Duty League™ Unveils Additional Sponsors for the 2020 Season
Ubisoft Announces Riders Republic™
UBISOFT ANNOUNCES DEPARTURES AND REAFFIRMS ITS COMMITMENT TO IMPLEMENTING SIGNIFICANT CHANGE IN ITS WORKPLACE CULTURE
Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, to Participate in Upcoming Conferences

Footer

Recent Posts

  • As a technical writer, it’s pretty common to do the thing you’re documenting
  • Most Platforms Fail
  • Adaptability Paradox
  • Fear holds back innovation efforts
  • Technology Digest
  • Forward-thinking companies are moving towards industry-specific marketing strategy
  • What did the latest consumer survey find about streaming services?
  • Cloudflare suffered an outage that affected global Internet traffic
  • AI-based transcription tools have made one particularly tiresome aspect of journalism far easier
  • THE NEW AGE OF TECH TALENT: EXPERIS RELEASES NEW REPORT SHOWING ‘SOFT SKILLS ARE THE NEW POWER SKILLS’

Media Partners

  • Pixel Effect
  • Digital Market
  • Briefly
  • OPINT
  • Exclusive
  • S3H
  • Domain Aftermarkets

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Defense Conferences
  • Cybersecurity Events
  • Event Calendar
  • Calendarial
  • Domain Market Research
  • Domain Name for Business

Copyright © 2018 VPNW.com

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT