Completed acquisition of CGTech by Sandvik

05 February 2021

Sandvik has completed the previously announced acquisition of U.S.-based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization. 

In 2019, CGTech had revenues of about SEK 470 million and around 180 employees. The deal will initially have a neutral impact on Sandvik’s earnings per share. 

CGTech will be part of Sandvik Machining Solutions’ division Sandvik Coromant, within the business area Sandvik Manufacturing and Machining Solutions. 

Courtesy of Sandvik.