Sandvik has signed an agreement to acquire US based CGTech, which makes software for numerical control (NC/CNC) simulation, verification and optimization.
CGTech also supplies Vericut, a machining simulation and optimization software which is CAM, machine tool manufacturer and cutting tool neutral and works stand alone or in conjunction with all major CAM suppliers, the company said.
The company will be reported in Sandvik Coromant, a division within Sandvik Machining Solutions.
‘This is in line with our strategic focus to grow organically and through acquisitions in the digital manufacturing space, with special focus on software solutions close to machining,’ said Stefan Widing, president and CEO of Sandvik.
CGTech has about 180 employees and in 2019, it had revenues of around SEK 470 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.
