Sandvik announced it had signed an agreement to acquire Cimquest, a US-based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network.
With the acquisition, Sandvik strengthens its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base.
Cimquest will be a part of the business unit Mastercam and will be reported within the business area Sandvik Manufacturing and Machining Solutions.
Cimquest has since 1990 been a reseller of Mastercam – which is a global leading provider of CAD/CAM software solutions for manufacturing industries (owned by Sandvik). Along with reselling Mastercam, Cimquest distributes additive products, mainly 3D printers for metal and polymers.
KEY QUOTE:
“The acquisition of Cimquest is another step in our strategic direction to grow in the digital manufacturing space, and an important investment in Mastercam’s channels. This will strengthen our presence within CAM, expand our ability to serve customers and improve our growth platform going forward.”
- Stefan Widing, President and CEO of Sandvik
