Sandvik has signed an agreement to acquire
"I am very pleased that we can welcome ICAM to Sandvik. We continue to add software companies that enable us to broaden our offering and provide even more productive solutions within the component manufacturing process. Through this acquisition we are strengthening our offer in verification and optimization as well as our value proposition to customers across their value chain," says
ICAM's software combines post-processing, machine simulation, and tool-path optimization into solutions that save programming and part machining time, streamlining customer workflows as the user can go from their CAM system to verified and optimized coding (G-code) in just one step. ICAM's offering is complimentary with the verification and optimization technology of
"This acquisition of ICAM supports our overall business strategy and is in line with our strategic focus to further develop our offer in verification and optimization. Our strong position within CNC machine simulation, combined with ICAM's post-processing capabilities will enable us to deliver a complete workflow for new NC program deployment, from post-processing to highly optimized NC programs running on the machine. We look forward to welcoming ICAM to the Group," says
ICAM was founded in 1971 in Montreal, Canada and currently has 27 employees. In 2020, the company had revenues of approximately
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Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas - tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2020 the Group had approximately 37,000 employees and revenues of about
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