2023-08-01 10:37:50 ET
- Sandvik ( OTCPK:SDVKF ) said Tuesday it acquired Postability , a Canadian software firm developing numerical control post processors for its unit Mastercam.
- The purchase price was not disclosed. The deal's impact on Sandvik's ( OTCPK:SDVKF ) EBITA margin and EPS will be limited.
- Postability's offering will complement Sandvik's ( OTCPK:SDVKF ) existing portfolio of Computer Aided Manufacturing solutions.
- Postability will join Sandvik's ( OTCPK:SDVKF ) unit Mastercam and will be reported within the Manufacturing Solutions segment.
- "The acquisition fits very well with our strategic focus to grow in the digital manufacturing space, and is an important complement to our CAM solutions offering," said Sandvik ( OTCPK:SDVKF ) CEO Stefan Widing.
- Recent analysis - Sandvik: The 'Hold' Is Right At This Time, But It's On The Cusp Of 'Buy'
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Sandvik acquires CAM post processing software provider Postability