Sandvik to Acquire CAM Reseller Cimquest

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 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 (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 / 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.

Mastercam Acquires MLC CAD Systems CAM Business Line

February 3, 2026

Software

Mastercam, part of the Sandvik Group, announced it has completed the acquisition of the CAM business line of MLC CAD Systems. The deal is intended to deepen Mastercam’s regional coverage and customer support across key Western and Southwestern U.S. manufacturing markets.

Sandvik / Mastercam Acquires MCAM Northwest, ShopWare and OptiPro Systems' CAD/CAM Business

February 3, 2025

Software

Sandvik (through its Mastercam business unit) has acquired three US-based Mastercam resellers: MCAM Northwest, ShopWare and the CAD/CAM solutions business line of OptiPro Systems (parent Brightside 09, Inc.). The deals add roughly 32 employees and about USD 10 million of combined 2024 revenue to Mastercam, strengthening regional presence and support capabilities across the US; the purchase price was not disclosed.