CNC Software has had a historical annual growth rate of approximately 10 percent and is expected to outperform the estimated market growth of 7 percent.

The revenue for 2020 totaled USD 60 million with an EBIT margin of 25-30 percent, and of which the share of recurring revenue was approximately 60 percent. I look forward to welcoming the CNC Software team to Sandvik,' says Mathias Johansson, President of the Design & Planning Automation Division in Sandvik Manufacturing Solutions.ĬNC Software is an independent, family-owned company founded in 1983, headquartered in Tolland, Connecticut, USA, with 220 employees. Specifically, we will leverage data capture and use to secure efficient tool selection and tool path optimisation for our customers. 'Mastercam will be the cornerstone in Sandvik's CAM portfolio, further improving machining productivity by combining our machining know-how with their CAM expertise to improve quality and reduce waste for our customers. Combining the strengths of Mastercam with Sandvik's offering and know-how within machining is expected to be an important enabler in automating the customers' end-to-end manufacturing processes.

CAM plays a vital role in the digital manufacturing process, enabling new and innovative solutions in automated design for manufacturing,' says Stefan Widing, President and CEO of Sandvik.ĬNC Software has a strong market position in CAM, and particularly for small and medium-sized manufacturing enterprises (SME's), something that will support Sandvik's strategic ambitions to develop solutions to automate the manufacturing value chain for SME's - and deliver competitive point solutions for large original equipment manufacturers (OEM's). The 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. '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. CNC Software will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.īy acquiring CNC Software, Sandvik gains a world-class CAM brand in the Mastercam software suite with an installed base of around 270,000 licenses/users, the largest in the industry, as well as a strong market reseller network and well-established partnerships with leading machine makers and tooling companies. 25, 2021 /PRNewswire/ - Sandvik has signed an agreement to acquire US-based CNC Software Inc., a leading provider of CAD/CAM software solutions for manufacturing industries and the company behind Mastercam, the most widely used Computer Aided Manufacturing (CAM) brand in the industry.

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