Sandvik has completed the acquisition of CNC Software Inc., a provider of CAD/CAM software solutions for manufacturing industries and the company behind Mastercam.
By acquiring CNC Software, Sandvik gains a CAM brand in the Mastercam software suite with an installed base of approximately 270,000 licenses/users, 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. CAM plays a vital role in the digital manufacturing process, enabling new and innovative solutions in automated design for manufacturing," said Stefan Widing, President and CEO of Sandvik.
CNC Software has a strong market position in CAM, particularly for small- and medium-sized manufacturing enterprises (SMEs), something that will support Sandvik's strategic goal to develop solutions to automate the manufacturing value chain for SMEs and deliver competitive point solutions for large OEMs. Combining the strengths of Mastercam with Sandvik's offering is expected to be an enabler in automating the customers' end-to-end manufacturing processes.
"Mastercam will be the cornerstone in Sandvik's CAM portfolio, further improving machining productivity by combining our machining expertise with their CAM expertise to improve quality and reduce waste for our customers. Specifically, we will leverage data capture and use it to secure efficient tool selection and tool path optimization for our customers," said 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, CT, with 220 employees.
"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,'" said Meghan West, CEO, CNC Software, Inc.
CNC Software will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.
For more information contact:
CNC Software, Inc.
671 Old Post Road
Tolland, CT 06084
800-228-2877
info@mastercam.com
www.mastercam.com
Sandvik Coromant
295 Maple Lane
Mebane, NC 27302
800-SANDVIK
coromant.us@sandvik.com
www.sandvik.coromant.com