Sandvik completes the acquisition of CGTech
STOCKHOLM, Dec. 31, 2020 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of US based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization.
- STOCKHOLM, Dec. 31, 2020 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of US based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization.
- In 2019, CGTech had revenues of about SEK 470 million and around 180 employees.
- The deal will initially have a neutral impact on Sandvik's earnings per share.
- CGTech will be part of Sandvik Machining Solutions' division Sandvik Coromant, within the business area Sandvik Manufacturing and Machining Solutions.