Sandvik completed the acquisition of CNC Software.

Sandvik, an engineering group, completed the acquisition of CNC Software, a provider of CAD/CAM software solutions. Financial terms are not disclosed. “This is in line with our strategic focus to grow in the digital manufacturing space, with special attention on industrial software close to component manufacturing. The acquisition of CNC Software and the Mastercam portfolio, in combination with our existing offerings and extensive manufacturing capabilities, will make Sandvik a leader in the overall CAM market measured in installed base. CAM plays a vital role in the digital manufacturing process, enabling new and innovative solutions in automated design for manufacturing,” Stefan Widing, Sandvik President and CEO.