Software/ platforms

Sandvik acquires leading CAM software company Cambrio

Sandvik

Sandvik has completed the previously announced acquisistion of US-based Cambrio, a leading company with a portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace.

In 2020, Cambrio had revenues of about SEK 628 million (68 million USD) with an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik’s earnings per share will be positive.

Cambrio will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.

For more such updates and perspectives around Digital Innovation, IoT, Data Infrastructure, AI & Cybersecurity, go to AI-Techpark.com.

PR Newswire

PR Newswire empowers communicators to identify and engage with key influencers, craft and distribute meaningful stories, and measure the financial impact of their efforts. Cision is a leading global provider of earned media software and services to public relations and marketing communications professionals.

Related posts

Reveal Group elevated to Gold Partner with Automation Anywhere

Business Wire

Cybellum Product Security Platform Chosen by CATARC

PR Newswire

Blackbaud appoints Kristian Talvitie to Board of Directors

PR Newswire