Sandvik to acquire CAM reseller Cimquest, terms not disclosed

Sandvik has signed an agreement to acquire Cimquest, a U.S. based reseller of Computer Aided Manufacturing solutions. 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 business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions. Cimquest has since 1990 been a reseller of Mastercam, a global leading provider of CAD/CAM software solutions for manufacturing industries, owned by Sandvik. In addition to reselling Mastercam, Cimquest is a distributor of additive products, mainly 3D printers for both metal and polymers. Cimquest, founded in 1990, is headquartered in Branchburg, New Jersey, and has 55 employees. In 2023, the company had revenues of around $26M. The impact on Sandvik’s EBITA margin will be limited. Impact on earnings per share will be positive. The parties have agreed not to disclose the purchase price.