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SANDVIK Press Release Sandvik to acquire leading CAM software company Cambrio Sandvik has signed an agreement with Battery Ventures to acquire US - based Cambrio , a leading company with an end - to - end portfolio in CAD / CAM software for manufacturing industries like automotive , transportation , energy , medical and aerospace . Cambrio will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions . " This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing space , with special focus on industrial software close to component manufacturing , industrial metrology- and additive manufacturing solutions . Cambrio will enable a broadened customer offering , covering more of the total manufacturing value chain , " says Stefan Widing , President and CEO of Sandvik . Sandvik's strategic ambition is to provide customers with software solutions enabling automation of the full component manufacturing value chain – from design and planning to preparation , production and verification . Computer Aided Manufacturing ( CAM ) plays a vital role in the digital manufacturing process , creating an offer of automated solutions from design to machining . By acquiring Cambrio , Sandvik will establish an important position in the CAM market that includes both toolmaking and general - purpose machining . This will complement the existing customer offering in Sandvik Manufacturing Solutions . Cambrio's product portfolio includes GibbsCAM for production milling , turning , and mill turn operations , Cimatron for mold and die , as well as SigmaNEST for sheet metal fabrication . " With the addition of Cambrio's product offering , we will be able to help our customers to further increase productivity in the broader value chain . We share the same desire to automate workflows and make our customers more efficient and sustainable . I look forward to welcoming the Cambrio team to Sandvik , " says Mathias Johansson , President of the Design & Planning Automation division in Sandvik Manufacturing Solutions . Cambrio is headquartered in Ohio , USA , and has 375 employees . In 2020 , the company 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 initially be neutral . The parties have agreed not to disclose the purchase price . The transaction is expected to close in the second half of 2021 and is subject to customary regulatory approvals . Conference call There will be a conference call related to the intended acquisition on July 1 , 2021 at 14.00 CEST for analysts , investors and financial media . The conference call will also be available in ‘ listen - only ' mode on Sandvik's website . Please see home.sandvik for dial - in details and presentation material . Dial - in numbers for the conference call : SE : +46 8 505 583 66 UK : +44 333 300 9030 US : +1 646 722 4904 Stockholm , July 1 , 2021 Sandvik AB 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