Missed it: Sandvik also acquiring GibbsCAM, Cimatron & SigmaNEST
I missed this last month — Sandvik also acquired Cambrio, which is the combined brand for what we might know better as GibbsCAM (milling, turning), Cimatron (mold and die), and SigmaNEST (nesting, obvs). These three were spun out of 3D Systems last year, acquired by Battery Ventures — and now sold on to Sandvik.
This was announced in July, and the acquisition is expected to close in the second half of 2021 — we’ll find out on Friday if it already has.
At that time. Sandvik said its strategic aim is to “provide customers with software solutions enabling automation of the full component manufacturing value chain – from design and planning to preparation, production and verification … By acquiring Cambrio, Sandvik will establish an important position in the CAM market that includes both toolmaking and general-purpose machining. This will complement the existing customer offering in Sandvik Manufacturing Solutions”.
Cambrio has around 375 employees and in 2020, had revenue of about $68 million.
If we do a bit of math, Cambrio’s $68 million + CNC Software’s $60 million + CGTech’s (that’s Vericut’s maker) of $54 million add up to $182 million in acquired CAM revenue. Not bad.
More on Friday.