Sandvik to acquire 3D metrology software provider Verisurf

Rhea-AI Summary

Sandvik has announced the acquisition of Verisurf Software, a US-based 3D metrology software solutions provider. The deal strengthens Sandvik's position in industrial metrology and digital manufacturing, particularly for small and mid-sized manufacturers (SMEs).

Verisurf, headquartered in Anaheim, California, serves approximately 1,500 companies primarily in North America, with significant presence in aerospace and defense sectors. The company provides modular software solutions for quality inspection, assembly guidance, and reverse engineering built on the Mastercam Design platform.

The acquisition, valued at an undisclosed amount, is expected to close in Q2 2025. Verisurf generated revenues of approximately SEK 130 million (USD 12 million) in 2024 and employs 44 people. The company will operate as a separate business unit within Sandvik Manufacturing and Machining Solutions, with impact on Sandvik's EBITA margin and earnings per share.

Positive

• Strategic expansion into industrial metrology software market
• Access to 1,500 customer base in North America
• Strong presence in aerospace and defense sectors
• Complementary addition to digital manufacturing portfolio
• Immediate revenue contribution of SEK 130M annually

Negative

• immediate impact on EBITA margin and EPS
• Small revenue contribution relative to Sandvik's size
• Geographic concentration risk with primarily North American exposure

STOCKHOLM, March 10, 2025 /PRNewswire/ -- Sandvik has signed an agreement to acquire Verisurf Software, Inc. (Verisurf), a US-based 3D metrology software solutions provider. Verisurf will complement and enhance Sandvik's position in industrial metrology and strengthen the combined digital manufacturing offering to small and mid-sized manufacturers (SMEs). The company will be reported as a separate business unit within business area Sandvik Manufacturing and Machining Solutions.

Verisurf is principally active in the North American market. The company serves a diverse customer base of around 1,500 companies — SMEs as well as larger customers — with exposure in segments such as aerospace and defense. Verisurf offers modular-based easy-to-use software solutions for quality inspection, assembly guidance, and reverse engineering, that are built on the Mastercam Design (CAD) platform. 

"Verisurf will strengthen our metrology offering and ability to support the growing customer demand for precision measurement and quality assurance in manufacturing. The acquisition fits very well with our strategy to grow in digital manufacturing and provide comprehensive solutions for our customers to drive efficiency and productivity," says Stefan Widing, President and CEO of Sandvik. 

Verisurf has 44 employees and is headquartered in Anaheim, California, US. In 2024, the company had revenues of approximately SEK 130 million (USD 12 million). The impact on Sandvik's EBITA margin and earnings per share will be limited. The parties have agreed not to disclose the purchase price. The transaction is expected to close during the second quarter of 2025, subject to customary regulatory approvals.  

Stockholm, March 10, 2025

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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Sandvik to acquire 3D metrology software provider Verisurf

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SOURCE Sandvik

FAQ

What is the expected revenue impact of Verisurf acquisition on SDVKY's financial performance?

Verisurf generated SEK 130 million (USD 12 million) in revenue for 2024, with impact expected on Sandvik's EBITA margin and earnings per share.

When will SDVKY complete the Verisurf Software acquisition?

The acquisition is expected to close during the second quarter of 2025, subject to customary regulatory approvals.

How many customers does Verisurf bring to SDVKY's portfolio?

Verisurf serves approximately 1,500 companies, including both SMEs and larger customers, primarily in North America.

What strategic benefits does the Verisurf acquisition bring to SDVKY?

The acquisition enhances Sandvik's industrial metrology position and strengthens its digital manufacturing offering, particularly for small and mid-sized manufacturers.