Sandvik Completes Acquisition of CAM Reseller Cimquest

Sandvik completed the acquisition of Cimquest, a U.S.-based reseller of computer-aided manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network. Cimquest will be a part of business unit of Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions.

Cimquest, founded in 1990, is headquartered in Branchburg, NJ, and has 55 employees. In 2023, the company had revenues of around 26 MUSD*. The impact on Sandvik’s EBITA margin will be limited. Impact on earnings per share will be positive.

*A limited part of Cimquest revenues in 2023 were to Sandvik-owned Mastercam and will not impact Group total external revenues.

Sandvik Group

Sandvik is a global, high-tech engineering group providing solutions for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2023 the Group had approximately 41,000 employees and revenues of about SEK 127 billion in about 150 countries within continuing operations.

Sources: Press materials received from the company and additional information gleaned from the company’s website.