Sandvik has signed an agreement with Battery Ventures to acquire U.S.-based Cambrio, a leading company with an end-to-end portfolio in CAD/CAM software for manufacturing industries like energy, medical, aerospace, automotive, and transportation.
This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing space, with special focus on industrial software close to component manufacturing, industrial metrology, and additive manufacturing solutions. Cambrio will enable a broadened customer offering, covering more of the total manufacturing value chain, says Stefan Widing, President and CEO of Sandvik.
Sandviks strategic ambition is to provide customers with software solutions enabling automation of the full component manufacturing value chain from design and planning to preparation, production and verification. Computer Aided Manufacturing (CAM) plays a vital role in the digital manufacturing process, creating an offer of automated solutions from design to machining.
By acquiring Cambrio, Sandvik will establish an important position in the CAM market that includes both toolmaking and general-purpose machining. This will complement the existing customer offering in Sandvik Manufacturing Solutions.
Cambrios product portfolio includes GibbsCAM for production milling, turning, and mill turn operations, Cimatron for mold and die, as well as SigmaNEST for sheet metal fabrication.
Cambrio is headquartered in Ohio, U.S.A., and has 375 employees. In 2020, the company had revenues of about USD $68 million with an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions.
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