Sandvik to acquire software company CGTech
Sandvik has signed an agreement to acquire US-based CGTech, a market leader in NC/CNC simulation software, for an undisclosed amount. The transaction is expected to close in Q4 2020.
ProductsNC/CNC simulation softwareVERICUT machining simulation software
“This is in line with our strategic focus to grow organically and through acquisitions in the digital manufacturing space, with special focus on software solutions close to machining.”news.cision.com
- 4 sources
- news.cision.comSandvik to acquire software company CGTech - SandvikOct 19, 2020
- prnewswire.comSandvik to acquire software company CGTechSandvikOct 19, 2020
- machinery.co.ukSandvik to acquire CGTech, originator of Vericut NC simulation, verification & optimisation software - MachineryAndrew AllcockNov 3, 2020
- mining.sandvikSandvik to acquire market leading underground safety solutions company DSI UndergroundDec 1, 2020
Summarized from public sources; check the original articles before acting on it.
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