Sandvik announces several software acquisitions

Sandvik has acquired three US-based resellers of Computer Aided Manufacturing (CAM) solutions in the Mastercam network, Barefoot CNC, CAD/CAM Solutions, and CamTech Engineering Services. Additionally, Sandvik has acquired the probing and post-processor business lines of CIMCO Group, a Denmark-based developer of software solutions for computer-integrated manufacturing.  

With these businesses, Sandvik continues to strengthen its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base. The acquisitions will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions. 

“These acquisitions strengthen our regional presence and our ability to help our customers, and they support our strategy to grow within digital manufacturing,” says Stefan Widing, president and CEO of Sandvik. 

Acquired resellers

The acquired resellers serve manufacturing customers in the Southeast region of the U.S. Barefoot CNC is headquartered in Morganton, North Carolina; CAD/CAM Solutions is headquartered in Monroe, Georgia; and CamTech Engineering Services is headquartered in Port Orange, Florida. CIMCO’s probing technology is a comprehensive probing solution for CNC machines, enabling direct touch probe programming within Mastercam. CIMCO’s post-processor technology comprises software tools that translate Mastercam's output into machine-specific code, ensuring seamless execution on CNC machines.  

A total of 18 employees will transfer to Mastercam as a result of the acquisitions. The acquired businesses had a combined annual revenue, net, of around USD 6 million in 2024. The impact on Sandvik’s EBITA margin and earnings per share will be slightly positive. The parties have agreed not to disclose the purchase price. 

Sandvik to acquire 3D metrology software provider Verisurf

Sandvik has signed an agreement to acquire Verisurf Software Inc., a US-based 3D metrology software solutions provider. Verisurf will complement and enhance Sandvik’s position in industrial metrology and strengthen the combined digital manufacturing offering to small and mid-sized manufacturers (SMEs). The company will be reported as a separate business unit within business area Sandvik Manufacturing and Machining Solutions.

Verisurf is principally active in the North American market. The company serves a diverse customer base of around 1,500 companies – SMEs as well as larger customers – with exposure in segments such as aerospace and defense. Verisurf offers modular-based easy-to-use software solutions for quality inspection, assembly guidance, and reverse engineering, that are built on the Mastercam Design (CAD) platform.

“Verisurf will strengthen our metrology offering and ability to support the growing customer demand for precision measurement and quality assurance in manufacturing. The acquisition fits very well with our strategy to grow in digital manufacturing and provide comprehensive solutions for our customers to drive efficiency and productivity,” says Stefan Widing, president and CEO of Sandvik.

Verisurf has 44 employees and is headquartered in Anaheim, California, US. In 2024, the company had revenues of approximately SEK 130 million (USD 12 million). The impact on Sandvik’s EBITA margin and earnings per share will be limited. The parties have agreed not to disclose the purchase price. The transaction is expected to close during the second quarter of 2025, subject to customary regulatory approvals.