Sandvik said August 1 it had inked a deal to acquire Postability, a Canadian-based, globally focused software firm developing numerical control (NC) post-processors for Mastercam.
While financial details for the transaction were not released, Postability reported C$4.1 million in revenues in 2022. Postability will be a part of business unit Mastercam and be reported within business area segment Sandvik Manufacturing Solutions.
“Postability’s offering will complement and strengthen Sandvik’s existing portfolio of Computer Aided Manufacturing (CAM) solutions,” Sandvik officials said, noting that the company’s solutions include CAM post processing, machine simulation and maintenance, enabling customers to improve and validate component designs.
“[It] is a post processor provider fully dedicated to Mastercam software, serving both small and medium-sized manufacturing enterprises (SMEs), as well as original equipment manufacturers (OEM’s) worldwide. Mastercam is a leading provider of CAD/CAM software solutions for manufacturing industries.”
Stefan Widing, President and CEO of Sandvik, pointed out that its takeover of the group will fit well with its strategic focus to boost its footprint in the digital manufacturing space as well as to its CAM solutions offering.
Source: sandvik.com