Sandvik has signed an agreement with Battery Ventures to acquire US-based Cambrio, a company with an end-to-end portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace.
“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. Cambrio will enable a broadened customer offering, covering more of the total manufacturing value chain,” says Stefan Widing, president and CEO of Sandvik.
Sandvik’s seeks to provide customers with software services enabling automation of the full component manufacturing value chain – from design and planning to preparation, production and verification. Computer Aided Manufacturing (CAM) plays a vital role in the digital manufacturing process, creating an offer of automated solutions from design to machining.
Cambrio’s product portfolio includes GibbsCam for production milling, turning, and mill turn operations, Cimatron for mold and die design and manufacturing, as well as SigmaNest for sheet metal fabrication.
“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,” commented Mathias Johansson, president of the design and planning automation division in Sandvik manufacturing and machining Solutions. “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.”
Robbie Payne, CEO of Cambrio said, “We are excited to be joining the Sandvik family and look forward to continuing our mission of providing powerful software solutions that enable our customers to succeed. There is an obvious cultural and strategic alignment here allowing us to utilize the extensive experience of Sandvik, to expand our automated solutions across the digital manufacturing process.”
Morad Elhafed, general partner of Battery Ventures said, “At Battery Ventures, we’ve long been enthusiastic about the CAD/CAM market, and we’ve enjoyed working with the Cambrio team to grow the company. We believe Sandvik is the right home for this business and are excited to see how Cambrio’s technology continues to develop and serve its customers going forward.” The transaction is expected to close in the second half of 2021 and is subject to customary regulatory approvals.