Sandvik Acquires QTE Manufacturing Solutions

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 / Mastercam Acquires FASTech (CAM Reseller)

January 3, 2025

Software

Sandvik AB, through its Mastercam business unit, has acquired the assets/business of FASTech, a Mastercam channel reseller headquartered in Findlay, Ohio. FASTech will be integrated into Mastercam and reported within Sandvik Manufacturing and Machining Solutions; the parties did not disclose the purchase price. The acquisition strengthens Sandvik/Mastercam's CAM capabilities and regional presence serving manufacturing customers in the US Midwest.

Sandvik Acquires Verisurf Software Inc.

June 3, 2025

Software

Sandvik AB has completed the acquisition of Verisurf Software Inc., a US-based 3D metrology software solutions provider. Verisurf will be reported as a separate business unit within Sandvik’s Machining and Intelligent Manufacturing business area; the company is headquartered in Anaheim, California with 44 employees and reported ~SEK 130 million (USD 12 million) revenue in 2024.

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 (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.

Mastercam Acquires CAM Business Line of MLC CAD Systems

February 3, 2026

Software

Mastercam, part of the Sandvik Group, has acquired the CAM business line of longtime channel partner MLC CAD Systems to strengthen its localized support and market presence across the Western and Southwestern United States. MLC CAD Systems will continue to collaborate with Mastercam as a technical solutions provider while transitioning its CAM customers and regional expertise into Mastercam's direct operations.