CNC Hacker
Member
Smart move on both of their parts:
Sandvik to acquire leading CAM software company CNC Software Inc., creators of Mastercam
Sandvik to acquire leading CAM software company CNC Software Inc., creators of Mastercam
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Sandvik Group buys Mastercam
- Thread starter CNC Hacker
- Start date
Mtndew
Active member
I can see it being a smart move for Sandvik,but why do you think it's a smart move for CNC Software? They weren't hurting financially were they?
Not sure Megan's motivation. there are rumors of layoffs.
CNC Hacker
Member
Well it's a second generation business now. Probably no third generation to take over after and that's a big ole check to cash out now. Plus the Sandvik group is enormous and takes good care of their people from what I've seen, so the employees who stick around should also be in good shape.
CAMasochism
Member
So first Gibbscam and now Mastercam. The pool keeps on shrinking.
EmanuelGoldstein
Active member
Better Sandvik than Autodicks.
CarbideBob
Active member
Sandvik has grown and grown over the many years.
Low turnover and not being stupid about short term profits but instead investing in R&D and being the best.
Low turnover and not being stupid about short term profits but instead investing in R&D and being the best.
wheelieking71
Active member
You beat me to it! :cheers:
metalmadness
New member
I feel like I knew this was happening....
my post from 7/14/2021:
"One thing have my ear to the ground on is CNC Software...now they always pride themselves on being a family owned business through and through. I wonder if a $300 million offer by someone like Sandvik would change their tune. I would bet that they have been approached by multiple companies for a buyout. Either the number isn't high enough or they really are committed to the family model."
my post from 7/14/2021:
"One thing have my ear to the ground on is CNC Software...now they always pride themselves on being a family owned business through and through. I wonder if a $300 million offer by someone like Sandvik would change their tune. I would bet that they have been approached by multiple companies for a buyout. Either the number isn't high enough or they really are committed to the family model."
metalmadness
New member
If they had to be sold for whatever reason, yes, thank God it wasn't to Autodesk.
cnctoolcat
New member
Mastercam's owners saw the writing on the wall: inexpensive, subscription-based software has been eating their lunch, and it will only get more competitive in the future.
Sandvik is big enough to do whatever they want with Mastercam. They can keep it a buy-it-now-with-annual-maintenance software, or they go to a subscription-based model.
Only the future will tell...
What I'm wondering now is, will Sandvik buy a machine-tool manufacturer at some point? That's all they need to complete the metalworking trifecta!
ToolCat
Sandvik is big enough to do whatever they want with Mastercam. They can keep it a buy-it-now-with-annual-maintenance software, or they go to a subscription-based model.
Only the future will tell...
What I'm wondering now is, will Sandvik buy a machine-tool manufacturer at some point? That's all they need to complete the metalworking trifecta!
ToolCat
EmanuelGoldstein
Active member
No. That would put them in competition with all the machine tool builders whom they need to be friends with to sell their tools.
