Cambrio, which includes GibbsCAM, Cimatron and SigmaNEST, has been acquired by Sandvik as part of plans by the metals giant to grow in the advanced manufacturing sector.
Both GibbsCAM and Cimatron software products were bought from 3D Systems in November 2020 by Battery Ventures for the cut-price sum of $65M, although Sandvik is yet to state what it is paying in this deal.
“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 Sandvik CEO Stefan Widing.
“Cambrio will enable a broadened customer offering, covering more of the total manufacturing value chain.”
Sandvik states that its ambition is to provide customers with software solutions to automate the ‘full component manufacturing value chain’, including design and planning to preparation, production and verification.
By acquiring Cambrio, and its established CAM brands, Sandvik has planted a flag in the market, which it says will complement (and no doubt boost the uptake) of its existing customer offerings via Sandvik Manufacturing and Machining Solutions.
The portfolio includes GibbsCAM for production milling, turning, and mill turn operations, Cimatron for mould and die design and manufacturing, as well as SigmaNEST for sheet metal fabrication.
Mathias Johansson, president of the design and planning automation division in Sandvik Manufacturing and Machining Solutions, said: “With the addition of Cambrio’s product offering, we will be able to help our customers to further increase productivity in the broader value chain.
“We share the same desire to automate workflows and make our customers more efficient and sustainable. I look forward to welcoming the Cambrio team to Sandvik,”
Cambrio is headquartered in Ohio, USA, and has 375 employees. In 2020, the company states that it had revenues of $68 million.
Cambrio CEO Robbie Payne, said: “There is an obvious cultural and strategic alignment here allowing us to utilise the extensive experience of Sandvik, to expand our automated solutions across the digital manufacturing process.”
The transaction is expected to close in the second half of 2021.