Sandvik Just bought Gibbscam/Cimatron

crazy^millman · July 02, 2021, 05:47 AM

https://news.cision.com/sandvik/r/sandvik-to-acquire-leading-cam-software-company-cambrio,c3377691">//https://news.cision.com/sandvik/r/sandvik-to-acquire-leading-cam-software-company-cambrio,c3377691

QuoteSandvik has signed an agreement with Battery Ventures to acquire US-based Cambrio, a leading company with an end-to-end portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace. Cambrio will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.

"This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing space, with special focus on industrial software close to component manufacturing, industrial metrology- and additive manufacturing solutions. Cambrio will enable a broadened customer offering, covering more of the total manufacturing value chain," says Stefan Widing, President and CEO of Sandvik.

Sandvik's strategic ambition is to provide customers with software solutions enabling automation of the full component manufacturing value chain – from design and planning to preparation, production and verification. Computer Aided Manufacturing (CAM) plays a vital role in the digital manufacturing process, creating an offer of automated solutions from design to machining.

By acquiring Cambrio, Sandvik will establish an important position in the CAM market that includes both toolmaking and general-purpose machining. This will complement the existing customer offering in Sandvik Manufacturing Solutions.

Cambrio's product portfolio includes GibbsCAM for production milling, turning, and mill turn operations, Cimatron for mold and die, as well as SigmaNEST for sheet metal fabrication.

"With the addition of Cambrio's product offering, we will be able to help our customers to further increase productivity in the broader value chain. We share the same desire to automate workflows and make our customers more efficient and sustainable. I look forward to welcoming the Cambrio team to Sandvik," says Mathias Johansson, President of the Design & Planning Automation division in Sandvik Manufacturing Solutions.

Cambrio is headquartered in Ohio, USA, and has 375 employees. In 2020, the company had revenues of about SEK 628 million (68 million USD) with an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik's earnings per share will initially be neutral. The parties have agreed not to disclose the purchase price.

The transaction is expected to close in the second half of 2021 and is subject to customary regulatory approvals.

Thoughts?

Jeff · July 02, 2021, 05:54 AM

Quote from: crazy^millman post_id=12945 time=1625230059 user_id=152Thoughts?

Gotta be better than Autodesk buying them.

Sandvik has their shit together and I love their tooling. Just don't try to find anything on their website without knowing the part number first.

crazy^millman · July 02, 2021, 06:21 AM

Sandvik and 5th Axis CG Inc. have gone head to head on some Projects. Since were both using the same CAM it was a toss of the coin who won the project. Now will they keep using Mastercam or will they use Gibbscam and Cimatron to do Projects? Seems like they will have to head in a different direction with CAM at least. Wonder what this does to the Prime Turn relationship between CNC Software and Sandvik. Now that NX finally supports it Mastercam doesn't have the loan title anymore with it.

https://www.sandvik.coromant.com/en-us/news/press_releases/pages/sandvik-coromant-announces-latest-partnership-with-siemens.aspx">//https://www.sandvik.coromant.com/en-us/news/press_releases/pages/sandvik-coromant-announces-latest-partnership-with-siemens.aspx

JParis · July 02, 2021, 06:42 AM

What Ron touches on is why I have thought for years that CNC Software, at some point has to sell....

CAD/CAM/CAV is being bought up and becoming a behemoth to compete with...

At some point there won't be much of a choice, they'll need to large corporate backing

Jeff · July 02, 2021, 07:49 AM

Quote from: JParis post_id=12948 time=1625233379 user_id=139What Ron touches on is why I have thought for years that CNC Software, at some point has to sell....

CAD/CAM/CAV is being bought up and becoming a behemoth to compete with...

At some point there won't be much of a choice, they'll need to large corporate backing

Perhaps, what about licensing? If the price is right and if companies are willing to sell licenses to Mastercam that might be an option.
Unless I'm not getting the big picture here.

JParis · July 02, 2021, 07:54 AM

Quote from: Jeff post_id=12952 time=1625237353 user_id=103Perhaps, what about licensing? If the price is right and if companies are willing to sell licenses to Mastercam that might be an option.
Unless I'm not getting the big picture here.

Think about like this...as companies get bought up and brought under larger companies, the likelihood of those companies wanting to integrate into what's now a competitors software title becomes less likely...as this continues happening, the options for integrating and working with other
companies gets less & less as those larger companies that purchase up other titles simply don't want to feed competitors mouths..

IN an eventual world with all of the consolidation, partners get fewer and fewer....

neurosis · July 02, 2021, 09:32 AM

Wow!

Jeff · July 02, 2021, 10:16 AM

It makes me wonder if they already offered to buy Mastercam and got turned down.

gcode · July 02, 2021, 11:07 AM

Quote from: Jeff post_id=12957 time=1625246178 user_id=103It makes me wonder if they already offered to buy Mastercam and got turned down.

I'm sure Mastercam gets buyout offers on a regular basis

beej · July 02, 2021, 12:35 PM

it's been 20 years since I used Cimatron, but I really liked it at the time.

crazy^millman · July 02, 2021, 01:29 PM

Quote from: JParis post_id=12954 time=1625237648 user_id=139
Quote from: Jeff post_id=12952 time=1625237353 user_id=103Perhaps, what about licensing? If the price is right and if companies are willing to sell licenses to Mastercam that might be an option.
Unless I'm not getting the big picture here.

Think about like this...as companies get bought up and brought under larger companies, the likelihood of those companies wanting to integrate into what's now a competitors software title becomes less likely...as this continues happening, the options for integrating and working with other
companies gets less & less as those larger companies that purchase up other titles simply don't want to feed competitors mouths..

IN an eventual world with all of the consolidation, partners get fewer and fewer....

There it is in a nut shell. Camplete now under Autodesk. Why does Autodesk even allow other competitors to use it or develop and interface for them? Your effectively empowering the competition to go after your customer base.

Hexagon now owns NCSIMUL rinse and repeat the comment above.

Sandvik now owns Vericut again rinse and repeat my comment from above.

Moduleworks is in bed with many of the CAM players and started charging to use their products with Mastercam. Means the price of Mastercam ownership has gone up also. Their problem is no control emulation currently with Mastercam. Decision has to be made do you invest in that direction to secure your future as company begin able to offer CAV or do you rid the wave until it crashes? Crazy thing is Mastercam community of dealers is still one of the best in Manufacturing as a whole, but without some clear leadership and unity to combine them into one unit you get the Moduleworks splinters that happened. Where does it stop being divided and comes together is anyone's guess.

mkd · July 03, 2021, 10:34 AM

https://finance.yahoo.com/quote/SAND.ST?p=SAND.ST&.tsrc=fin-srch">https://finance.yahoo.com/quote/SAND.ST ... c=fin-srch">https://finance.yahoo.com/quote/SAND.ST?p=SAND.ST&.tsrc=fin-srch
sandvik trading at 27 P/E ratio. A little rich, just like their tools.

gcode · July 03, 2021, 10:58 AM

I have probably bought a million $ worth of their Capto tool holders.
They are pretty much sole source for HSK125 holders

I used to run their RA200 button cutters and high feed face mills but over the years
Ingersoll has passed them in this department

ghuns · July 06, 2021, 03:55 AM

Cimatron has been bought and sold a bunch in the last several years. And the quality of their product has NOT been improving.

Hopefully a tooling company is a better match for them than the previous few owners.

Jeff · July 06, 2021, 06:14 AM

Quote from: Newbeeee™ post_id=12987 time=1625334711 user_id=157
Quote from: mkd post_id=12984 time=1625333644 user_id=155https://finance.yahoo.com/quote/SAND.ST?p=SAND.ST&.tsrc=fin-srch">https://finance.yahoo.com/quote/SAND.ST ... c=fin-srch">https://finance.yahoo.com/quote/SAND.ST?p=SAND.ST&.tsrc=fin-srch
sandvik trading at 27 P/E ratio. A little rich, just like their tools.

Hahahaha!
#MeeToo.
I never bought much because it was 'spensive.
Bought a lot of Seco....which back in the day on a long running 17-4 job back to back was better anyway....

They are expensive, but not if you buy enough of their stuff and get their automatic discount.
We get approximately 35%-50% off the list price which brings it down to a really competitive price IMO.
I would assume that Kennametal, Iscar, etc... all offer the same type of discount.