The leading manufacturing company Sandvik announced to acquire a software company CGTech. The US based CGTech is a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization.
- CGTech offers numerious products which includes 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 will be reported in Sandvik Coromant, a division within Sandvik Machining Solutions.
- The combined machining expertise of Sandvik Coromant and CGTech will enhance the Group’s capabilities in machining intelligence, strengthen the software offering and facilitate an improved presence in key areas of the customer value chain.
The prominent acquisitions and deals by Sandvik are featured below:
July 2020: Sandvik announced that Sandvik Mining and Rock Technology signed an agreement to acquire USA based Allied Construction Products LLC. The acquisition of Allied enables Sandvik to expand the existing dealer network into new regions and to penetrate new customer segments with a broader product offering.
June 2020: Sandvik Machining Solutions announce that its subsidiary Dormer Pramet, had reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools.
June 2020: Sandvik had announced the completion of acquisition of the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a privately owned Mexican company offering integral machining solutions.
March 2020, Sandvik had completed the previously announced divestment of Sandvik Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments.
January 2020, Sandvik had completed the previously announced acquisition of Summerill Tube Corporation, a manufacturer of high precision tubes. Since 1892 it has delivered seamless and welded tubing in stainless steels and nickel alloys to various high demanding industries including aerospace, transportation and petrochemical.
January 2020, Sandvik acquired a privately owned Thermaltek Inc., a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina, USA.
Sandvik is a Swedish high-tech and global engineering Group. The Sandvik Group conducts operations in three business areas with responsibility for research and development (R&D), production and sales of their respective products and services. The company has approximately 40,000 employees across the world. Sandvik is a leading manufacturer of tools and tooling systems for advanced industrial metal cutting. It also manufacture stainless steels and special alloys for the most demanding industries. The business area also comprises the areas of additive manufacturing and digital manufacturing.