Sandvik Acquires Verisurf Software Inc.

Sandvik Acquires QTE Manufacturing Solutions

November 3, 2025

Software

Sandvik AB has acquired QTE Manufacturing Solutions (QTE), a US-based reseller of Mastercam CAM software as well as Verisurf metrology and Vericut CNC simulation software. QTE, headquartered in St. Charles, Missouri, has 12 employees and reported around SEK 45 million in revenue in 2024; it will become part of Sandvik's Mastercam business unit within the Machining and Intelligent Manufacturing area. The purchase price was not disclosed.

Sandvik Acquires ICAM Technologies Corporation

November 25, 2021

Software

Sandvik AB has signed an agreement to acquire Canada-based ICAM Technologies Corporation, a provider of post-processing, machine simulation and tool-path optimization software for CNC machining. ICAM (founded in Montreal in 1971) will be reported within Sandvik Coromant; the company has about 27 employees and 2020 revenues of roughly SEK 30 million. The deal is expected to close in Q4 2021 and strengthens Sandvik's verification and optimization offering for component manufacturing.

Sandvik Acquires CAM Reseller Cimquest

February 26, 2024

Industrial Services

Sandvik AB has signed an agreement to acquire Cimquest, a Branchburg, New Jersey-based reseller of Mastercam CAD/CAM software and distributor of additive (3D printing) products. Cimquest will become part of Sandvik’s Mastercam business unit within Sandvik Manufacturing and Machining Solutions; the company has about 55 employees and reported ~USD 26m revenue in 2023.

Sandvik Acquires Dimensional Control Systems (DCS)

December 29, 2021

Industrial Services

Sandvik AB has acquired US-based Dimensional Control Systems (DCS), a provider of dimensional quality management software and on-site engineering services, to strengthen its industrial metrology and digital manufacturing offering. DCS, headquartered in Troy, Michigan, will be reported within Sandvik's Industrial Metrology division and brings ~70 employees, 10,000 software licenses, and a software-heavy revenue mix (65% software, ~40% recurring).

Sandvik (Mastercam) Acquires Barefoot CNC, CAD/CAM Solutions, CamTech Engineering Services and CIMCO probing & post-processor business

March 3, 2025

Software

Sandvik AB, via its Mastercam business unit, has acquired three US-based Mastercam channel partners — Barefoot CNC, CAD/CAM Solutions and CamTech Engineering Services — and the probing and post processor business lines from Denmark-based CIMCO Group. The deals strengthen Mastercam's regional presence across the U.S. Southeast and add CIMCO's probing and post-processor technology to Mastercam's product suite to expand digital manufacturing capabilities.

Sandvik Acquires Peterson Tool Company (assets)

May 11, 2022

Manufacturing

Sandvik AB has signed an agreement to acquire the assets of Peterson Tool Company, Inc., a Nashville-based custom carbide tooling manufacturer that supplies machine-specific custom insert tooling for high-production turning and grooving. Peterson Tool (73 employees; ~$9m revenue in 2021) will be reported in Sandvik's GWS Tool business unit within Sandvik Manufacturing and Machining Solutions; the transaction was expected to close in Q2–Q3 2022.