Sandvik acquires three US-based CAM resellers and CIMCO's probing technology and post processor business
SANDVIK AB S/ADR (SDVKY)
NASDAQ:AMEX Investor Relations:
home.sandvik/en/investors/share-price-monitor/adr-program
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Source: PR Newswire
STOCKHOLM, March 3, 2025 /PRNewswire/ -- Sandvik has acquired three US-based resellers of Computer Aided Manufacturing (CAM) solutions in the Mastercam network, Barefoot CNC, CAD/CAM Solutions and CamTech Engineering Services. Additionally, Sandvik has acquired the probing and post processor business lines of CIMCO Group, a Denmark-based developer of software solutions for computer-integrated manufacturing.?? With these businesses, Sandvik continues to strengthen its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base. The acquisitions will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions.? "These acquisitions strengthen our regional presence and our ability to help our customers, and they support our strategy to grow within digital manufacturing," says Stefan Widing, President and CEO of Sandvik.? The acquired resellers serve manufacturing customer
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- Sandvik (OTCMKTS:SDVKY) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
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- Sandvik (OTCMKTS:SDVKY) had its "overweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- Sandvik (OTCMKTS:SDVKY) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Sandvik (OTCMKTS:SDVKY) was upgraded by analysts at Rothschild Redb from a "hold" rating to a "strong-buy" rating.MarketBeat