Sandvik says that it plans to acquire French software company Metrologic Group from Astorg Partners for €360 million.
Headquartered in Meylan, France, Metrologic Group makes metrology software and generated yearly revenues of €43.3 million. Metrologic Group would form a new business unit within a new product area in Sandvik Machining Solutions, Sandvik says.
‘I am very pleased about this first material step towards an increased offering in digital manufacturing in Sandvik Machining Solutions,’ said Björn Rosengren, president and CEO of Sandvik.
Metrologic Group’s offering includes software for metrology, automation and robotics control and services for calibration and 3D-measuring. Products are used globally in most industries, including automotive, aerospace, energy, general engineering and consumer goods.
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.