Sandvik has signed an agreement to acquire US-based Cambrio, a company that supplies CAD/CAM software for the automotive, transportation, energy, medical and aerospace industries. Cambrio will be part of Sandvik’s manufacturing and machining solutions business.
‘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,’ said Stefan Widing, president and CEO of Sandvik.
Cambrio’s portfolio includes GibbsCAM for production milling, turning, and mill turn operations, Cimatron for mold and die, and SigmaNEST for sheet metal fabrication. The company is headquartered in Ohio, USA, and has 375 employees. In 2020, the company had revenues of about SEK 628 million (US$68 million).
This story uses material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.