Sandvik has signed an agreement to acquire US-based CNC Software Inc., a leading provider of CAD/CAM software solutions for manufacturing industries and the company behind Mastercam, the most widely used Computer Aided Manufacturing (CAM) brand in the industry.
By acquiring CNC Software, Sandvik gains a world-class CAM brand in the Mastercam software suite with an installed base of around 270,000 licenses/users, the largest in the industry, as well as a strong market reseller network and well-established partnerships with leading machine makers and tooling companies.
"This is in line with our strategic focus to grow in the digital manufacturing space, with special attention on industrial software close to component manufacturing. An acquisition of CNC Software and the Mastercam portfolio, in combination with our existing offerings and extensive manufacturing capabilities, will make Sandvik a leader in the overall CAM market measured in installed base,” says Stefan Widing, President and CEO of Sandvik.
Sandvik's CEO Stefan Widing
CNC Software has a strong market position in CAM, and particularly for small and medium-sized manufacturing enterprises (SMEs), something that will support Sandvik's strategic ambitions to develop solutions to automate the manufacturing value chain for SMEs -- and deliver competitive point solutions for large original equipment manufacturers (OEMs).
Combining the strengths of Mastercam with Sandvik's offering and know-how within machining is expected to be an important enabler in automating the customers' end-to-end manufacturing processes.
Mathias Johansson -- President of the Design & Planning Automation Division for Sandvik
"Mastercam will be the cornerstone in Sandvik's CAM portfolio, further improving machining productivity by combining our machining know-how with their CAM expertise to improve quality and reduce waste for our customers. Specifically, we will leverage data capture and use to secure efficient tool selection and tool path optimisation for our customers. I look forward to welcoming the CNC Software team to Sandvik," says Mathias Johansson, President of the Design & Planning Automation Division in Sandvik Manufacturing Solutions.
CNC Software is an independent, family-owned company founded in 1983, headquartered in Tolland, Connecticut, USA, with 220 employees.
CNC Software's CEO Meghan West
"We at CNC Software are extremely excited to be joining the Sandvik family. The two companies share many of the same values and objectives, but above all we share a passion for manufacturing. Together we will harness our joint resources to accelerate the development of Mastercam, while continuing to maintain our unique standards of local support through our experienced global Reseller channel. I am personally very excited at the prospect of working with Sandvik as it will allow us to accelerate our progress in achieving our mission, To create software and services that solve the world's manufacturing challenges," says Meghan West, CEO CNC Software, Inc.
The transaction is expected to close Q4 2021, subject to customary regulatory approvals. CNC Software will organizationally belong to the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.
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