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SANDVIK Press Release Sandvik to acquire leading CAM software company CNC Software Inc. , creators of Mastercam Sandvik has signed an agreement to acquire US - based CNC Software Inc. , a leading provider of CAD / CAM software solutions for manufacturing industries and the company behind Mastercam , the most widely used Computer Aided Manufacturing ( CAM ) brand in the industry . CNC Software will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions . By acquiring CNC Software , Sandvik gains a world - class CAM brand in the Mastercam software suite with an installed base of around 270,000 licenses / users , the largest in the industry , as well as a strong market reseller network and well - established partnerships with leading machine makers and tooling companies . " This is in line with our strategic focus to grow in the digital manufacturing space , with special attention on industrial software close to component manufacturing . The acquisition of CNC Software and the Mastercam portfolio , in combination with our existing offerings and extensive manufacturing capabilities , will make Sandvik a leader in the overall CAM market measured in installed base . CAM plays a vital role in the digital manufacturing process , enabling new and innovative solutions in automated design for manufacturing , " says Stefan Widing , President and CEO of Sandvik . CNC Software has a strong market position in CAM , and particularly for small and medium - sized manufacturing enterprises ( SME's ) , something that will support Sandvik's strategic ambitions to develop solutions to automate the manufacturing value chain for SME's - and deliver competitive point solutions for large original equipment manufacturers ( OEM's ) . Combining the strengths of Mastercam with Sandvik's offering and know - how within machining is expected to be an important enabler in automating the customers ' end - to - end manufacturing processes . " Mastercam will be the cornerstone in Sandvik's CAM portfolio , further improving machining productivity by combining our machining know - how with their CAM expertise to improve quality and reduce waste for our customers . Specifically , we will leverage data capture and use to secure efficient tool selection and tool path optimisation for our customers . I look forward to welcoming the CNC Software team to Sandvik , " says Mathias Johansson , President of the Design & Planning Automation Division in Sandvik Manufacturing Solutions . CNC Software is an independent , family - owned company founded in 1983 , headquartered in Tolland , Connecticut , USA , with 220 employees . The revenue for 2020 totaled USD 60 million with an EBIT margin of 25-30 percent , and of which the share of recurring revenue was approximately 60 percent . CNC Software has had a historical annual growth rate of approximately 10 percent and is expected to outperform the estimated market growth of 7 percent . The underlying EBITA margin is accretive to Sandvik Manufacturing and Machining Solutions . However , the first year after 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 . Impact on earnings per share will initially be slightly negative . Transaction costs are to be accounted for in the third quarter 2021 and estimated to SEK 25 million . The parties have agreed not to disclose the purchase price . The deal is expected to close during Q4 2021 , subject to customary regulatory approvals . In conjunction with the closing , Sandvik will make a write - down of overlapping assets representing SEK 30 million . Postal address SANDVIK AB Box 510 SE - 101 30 STOCKHOLM SWEDEN Public Company ( publ ) Reg.No 556000-3468 VAT No. SE663000060901 home.sandvik Telephone +46 8 456 11 00