Sandvik AB (publ) (OM:SAND) signed an agreement to acquire CNC Software, Inc. from family on August 5, 2021. As a result of the transaction, CNC Software will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions. CNC Software's revenue for 2020 totaled $60 million with an EBIT margin of 25-30%, and of which the share of recurring revenue was approximately 60%. Under the transaction, CNC Software team will be joining Sandvik. The transaction is subject to customary regulatory approvals and is expected to close during the fourth quarter of 2021. The underlying EBITA margin is accretive to Sandvik Manufacturing and Machining Solutions. However, the first year after closing date, revenues will be impacted by deferred revenue accounting adjustments, and the EBITA margin will be slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on earnings per share will initially be slightly negative.