Sandvik acquires three US-based CAM resellers and CIMCO's probing technology and post processor business
Rhea-AI Summary
Sandvik (SDVKY) has announced multiple strategic acquisitions to strengthen its position in the Computer Aided Manufacturing (CAM) market. The company has acquired three US-based Mastercam network resellers: Barefoot CNC (North Carolina), CAD/CAM Solutions (Georgia), and CamTech Engineering Services (Florida).
Additionally, Sandvik has acquired the probing and post processor business lines from Denmark-based CIMCO Group. The CIMCO acquisition includes probing technology for CNC machines and post processor technology for translating Mastercam output into machine-specific code.
The acquisitions, which will be reported under Sandvik Manufacturing and Machining Solutions, bring 18 new employees to Mastercam. The combined annual revenue of the acquired businesses was approximately USD 6 million in 2024. The transactions are expected to have a slightly positive impact on Sandvik's EBITA margin and earnings per share.
Positive
- Strategic expansion in Southeast US CAM market
- Acquisition of advanced probing and post-processing technology
- Positive impact on EBITA margin and EPS
- Strengthened digital manufacturing capabilities
Negative
- Relatively small revenue contribution (USD 6M)
News Market Reaction 1 Alert
On the day this news was published, SDVKY gained 1.48%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
With these businesses, Sandvik continues to strengthen its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base. The acquisitions will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions.
"These acquisitions strengthen our regional presence and our ability to help our customers, and they support our strategy to grow within digital manufacturing," says Stefan Widing, President and CEO of Sandvik.
The acquired resellers serve manufacturing customers in the Southeast region of the US. Barefoot CNC is headquartered in
A total of 18 employees will transfer to Mastercam as a result of the acquisitions. The acquired businesses had a combined annual revenue, net, of around
Sandvik AB
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008
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SOURCE Sandvik
FAQ
What is the total revenue of the businesses acquired by Sandvik (SDVKY) in these transactions?
How many employees will join Mastercam following Sandvik's (SDVKY) acquisitions?
What technology did Sandvik (SDVKY) acquire from CIMCO Group?
Which US regions are covered by the CAM resellers acquired by Sandvik (SDVKY)?
What is the expected impact of these acquisitions on Sandvik's (SDVKY) financial performance?
