Sandvik completes the acquisition of leading CAM software company Cambrio

Rhea-AI Summary

Sandvik has successfully completed the acquisition of US-based Cambrio, a leader in CAD/CAM software for various manufacturing sectors, including automotive and aerospace. In 2020, Cambrio generated approximately SEK 628 million (about 68 million USD) in revenue, although its EBIT margin was slightly dilutive to Sandvik's Manufacturing and Machining Solutions. This acquisition is expected to have a positive impact on Sandvik's earnings per share and will be included in its Design & Planning Automation division.

Positive

• Acquisition of Cambrio enhances Sandvik's portfolio in CAD/CAM software.
• Cambrio's revenue in 2020 was SEK 628 million, indicating a strong market presence.
• Expected positive impact on Sandvik's earnings per share.

Negative

• EBIT margin from Cambrio was slightly dilutive to Sandvik's Manufacturing and Machining Solutions.

SANDVIKEN, Sweden, Oct. 18, 2021 /PRNewswire/ -- Sandvik has completed the previously announced acquisistion of US-based Cambrio, a leading company with a portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace.

In 2020, Cambrio 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 be positive.

Cambrio will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.

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.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sandvik/r/sandvik-completes-the-acquisition-of-leading-cam-software-company-cambrio,c3434317

The following files are available for download:

https://mb.cision.com/Main/208/3434317/1481897.pdf

Sandvik completes the acquisition of leading CAM software company Cambrio

View original content:https://www.prnewswire.com/news-releases/sandvik-completes-the-acquisition-of-leading-cam-software-company-cambrio-301402007.html

SOURCE Sandvik

FAQ

What does Sandvik's acquisition of Cambrio entail?

Sandvik has acquired Cambrio, a US-based CAD/CAM software company, to strengthen its offerings in the manufacturing sector.

How much revenue did Cambrio generate in 2020?

In 2020, Cambrio reported revenues of approximately SEK 628 million (68 million USD).

What is the impact of the acquisition on Sandvik's earnings?

The acquisition is expected to have a positive impact on Sandvik's earnings per share.

In which division will Cambrio be reported after the acquisition?

Cambrio will be reported in Sandvik's Design & Planning Automation division.