Sandvik to Add Mastercam to its CAM PortfolioAugust 30, 2021
Sandvik has signed an agreement to acquire CNC Software Inc., Tolland, CT, a provider of CAD/CAM software and the company behind Mastercam, which has an installed base of around 270,000 licenses/users, as well as a strong market reseller network and partnerships with machine makers and tooling companies.
“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,” adds Mathias Johansson, president of Sandvik’s Design & Planning Automation Division, “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 optimization.”
The transaction is expected to close Q4 2021, subject to customary regulatory approvals.
See also: Sandvik Coromant Company