ICAM acquired by Sandvik Coromant

Sandvik is to acquire Canada-based ICAM Technologies Corporation, which makes software that translated CAM data into coding for CNC machining operations.

​“ICAM's ability to deliver code reliability across all major CAD/CAM systems is well-aligned with our goal to serve all our customers in the best way possible, with a CAD/CAM-neutral portfolio,” said Helen Blomqvist, president at Sandvik Coromant.

ICAM’s products can also work with the verification and optimization technology of CGTech, a manufacturer of software for numerical control (NC/CNC) simulation, verification and optimization which is also owned by Sandvik.

“ICAM and CGTech synergies will give customers a competitive advantage by reducing machining time and dependency on programming experience,’ said Margaret Schmitt, president of CGTech.

ICAM was founded in 1971 in Montreal, Canada and has 27 employees. In 2020, the company had revenues of approximately SEK 30 million.