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Gibbs will be merged with and into a newly established U.S. subsidiary of Cimatron, according to an announcement by Cimatron Limited (Givat Shmuel, Israel) and Gibbs System, Inc., aka Gibbs & Associates (Moorpark, CA).
The combined company's annual revenues are expected to exceed $40M, making Cimatron one of the top 10 CAM software vendors.
Bringing together the CimatronE integrated CAD/CAM suite for toolmaking with the GibbsCAM CAD/CAM software for programming CNC machine tools will allow the merged company to offer a product portfolio for all segments of the CAM market, from mold and die making, through 2.5- and 5-axes production, to mill-turn and multitasking machining. Plus, the combined distribution networks of Cimatron and Gibbs complement each other, providing coverage of target markets worldwide, including North America, Europe, and Asia Pacific.
For more information, visit Cimatron or Gibbs & Associates.
Sources: Press materials received from the company and additional information gleaned from the company's website.
DE's editors contribute news and new product announcements to Digital Engineering. Press releases may be sent to them via [email protected].
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