The impact on earnings per share will initially be slightly negative. The underlying EBITA margin is accretive to Sandvik Manufacturing and Machining Solutions. With this acquisition, Sandvik gains a CAM brand in the Mastercam software suite with an installed base of around 270,000 licenses/users.ĬNC Software's 2020 revenue totaled $60 million with an EBIT margin of 25%-30%.
Tolland, Connecticut-based CNC Software, founded in 1983, is an independent, family-owned company with 220 employees.ĬNC Software will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions. Sandvik AB (OTC: SDVKY) has agreed to acquire US-based CNC Software Inc., a CAD/CAM software solutions provider for manufacturing industries and the company behind Mastercam, for undisclosed financial terms.
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