SDVKY - Sandvik completes the acquisition of CAM reseller Cimquest

PR Newswire

STOCKHOLM , March 4, 2024 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Cimquest, a US 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 Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions.

Cimquest, founded in 1990, is headquartered in Branchburg, New Jersey , 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.

Stockholm , March 4, 2024
Sandvik AB

For further information, contact Louise Tjeder , VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008

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SOURCE Sandvik