CAM market consolidation

Battery Ventures, a global technology-focused investment firm, has agreed to acquire the combined Cimatron and GibbsCAM software businesses from additive manufacturing solutions company 3D Systems Corp. The transaction is likely to close during the fourth quarter of 2020, subject to customary closing conditions. As part of the acquisition, Cimatron and GibbsCAM will join Battery-backed SigmaTEK Systems, a CADCAM software provider serving professional fabricators, in a new holding company called CAMBRIO, led by current SigmaTEK Systems CEO Robbie Payne.

For further information www.battery.com

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