Sandvik wants to help customers optimize the selection of tools, the machining strategy, and the verification and quality workflow. If we think of a manufacturer as having (in-house or with partners) a design function, which sends the concept on to production preparation, then to machining, and, finally, to verification/quality control, Sandvik wants to expand outwards from machining to that entire world. In an area the company already had some experience in.īack to digitalization. Buying CAM companies ticked both of those boxes, bringing repeatable, profitable growth. The company had set a modest 5% revenue growth target but had consistently been delivering closer to 3% - what to do? Like many others, the focus shifted to (1) software and (2) growth by acquisition. That digitalization across an enterprise’s areas of business, Sandvik thinks, plays into its strengths.Īccording to info from the company’s 2020 Capital Markets Day, rocks and materials are steady but slow revenue growers. Light weighting and sustainability efforts in end-industries are driving interest in new materials and more complex components, as well as tighter integration between design and manufacturing operations.
Sandvik Machining & Manufacturing Solutions (SMM) has been supplying cutting tools and inserts for many years, via brands like Sandvik, SECO, Miranda, Walter, and Dormer Pramet, and sees a lot of opportunity in streamlining the processes around the use of specific tools and machines. The machining part of the business is where things get more relevant to us. The materials part of the business develops and sells industrial materials Sandvik is in the process of spinning out this business. Very cool stuff but not relevant to the CAM discussion. For the rocks part of the business, the company makes mining/rock extraction and rock processing (crushing, screening, and the like) solutions. Sandvik operates in three main spheres: rocks, machining, and materials.
It's clearly time to dig a little deeper into Sandvik and why it’s doing this.įirst, a little background on Sandvik. Then, last week, Sandvik said it was adding Mastercam to that list. Then in July, Sandvik announced it was snapping up the holding company for Cimatron, GibbsCAM (both acquired by Battery Ventures from 3D Systems), and SigmaTEK (acquired by Battery Ventures in 2018). I, like many people, thought “well, that’s interesting” and moved on.
Last year Sandvik acquired CGTech, makers of Vericut.
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