The impact on earnings per share will be slightly negative at first.

However, in the first year following the closing date, revenues will be impacted by deferred revenue accounting adjustments, and the EBITA margin will be slightly dilutive to Sandvik Manufacturing and Machining Solutions. Sandvik Manufacturing and Machining Solutions benefit from the underlying EBITA margin. CNC Software has a historical annual growth rate of around 10 percent and is expected to outperform the estimated market growth of 7 percent.

The revenue for 2020 was $60 million, with an EBIT margin of 25-30 percent and a share of recurring revenue of approximately 60 percent. Mathias Johansson, President - Design & Planning Automation Division, Sandvik Manufacturing SolutionsĬNC Software is an independent, family-owned company that was founded in 1983 and is headquartered in Tolland, Connecticut, USA. Stefan Widing, President and CEO, Sandvik Combining Mastercam’s strengths with Sandvik’s machining offering and know-how is expected to be a key enabler in automating customers’ end-to-end manufacturing processes.

The company gains a world-class CAM brand in the Mastercam software suite, as well as the industry’s largest installed base of around 270,000 licenses/users, a strong market reseller network, and well-established partnerships with leading machine makers and tooling companies, by acquiring CNC Software.ĬNC Software has a strong market position in CAM, particularly for small and medium-sized manufacturing enterprises (SMEs), which will support Sandvik’s strategic ambitions to develop solutions to automate the manufacturing value chain for SMEs, while also providing competitive points solutions for large original equipment manufacturers (OEMs). CNC Software will be reported in Sandvik Manufacturing and Machining Solutions’ Design & Planning Automation division. Stockholm, Sweden – Sandvik has signed an agreement to acquire CNC Software Inc, a leading provider of CAD/CAM software solutions for manufacturing industries and the company behind Mastercam, the industry’s most widely used Computer-Aided Manufacturing (CAM) brand.

Sandvik buys mastercam