# 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.

- Type: Acquisition
- Announced: 2020-10-19
- Where: California, USA, United States
- Value: $1.15B (943.0M EUR)
- Jobs: 2,000
- Status: announced
- Products: NC/CNC simulation software, VERICUT machining simulation software
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [DSI Underground](https://endata.com/companies/31645.md) (target)
- [CGTech](https://endata.com/companies/50608.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/sandvik/r/sandvik-to-acquire-software-company-cgtech,c3218304), 2020-10-19: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/sandvik-to-acquire-software-company-cgtech-301154943.html), 2020-10-19: "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."
- [machinery.co.uk](https://www.machinery.co.uk/content/news/sandvik-to-acquire-cgtech-originator-of-vericut-nc-simulation-verification-optimisation-software), 2020-11-03: "Sandvik has signed an agreement to acquire US-based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimisation."
- [mining.sandvik](https://www.mining.sandvik/en/news-and-media/news-archive/2020/12/sandvik-to-acquire-market-leading-underground-safety-solutions-company-dsi-underground/), 2020-12-01: "Sandvik has signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.