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

Sandvik has signed an agreement to acquire US-based CGTech, a specialist in software for CNC machining simulation, verification and optimisation. The company’s flagship product is Vericut. CGTech has about 180 employees and, in 2019, had revenues of about £41.5m. The transaction will likely close during the final quarter of 2020 and is subject to customary regulatory approvals.
“It’s exciting to say that we’re able to expand our capabilities with CGTech,” says Nadine Crauwels, president of Sandvik Machining Solutions. “This will not only strengthen our market position in all parts of the world, but enable us to take a big step forward in offering full machining solutions to our customers, which will significantly reduce waste in their broader value chains.”

For further information
www.cgtech.com

Sandvik Coromant has appointed Helen Blomqvist as its new president (commencing 1 December), succeeding Nadine Crauwels, who becomes president of Sandvik Machining Solutions. Blomqvist has a solid background with Sandvik Coromant having joined the company in 2003 as a research engineer. In her 17 years she has held various managerial positions in product management and R&D, as well as sales. Blomqvist holds two patents and became Sandvik Coromant ‘Leader of the Year’ in 2018. She is a Swedish national and holds a PhD in structural chemistry from Stockholm University.

For further information
www.sandvik.coromant.com

DMG Mori has revolutionised the production of its monoBLOCK five-axis machining centres with the opening of a new 4000 sq m facility in Pfronten. The flow line assembly based on an AGV transport system results in a productivity increase of 30%. This significant leap increases capacity at the site from 600 to 1000 monoBLOCK machines per year. DMG Mori will pass the benefits of its increased productivity to customers, with all prices for monoBLOCK models reduced by €10,000 and the accuracy package integrated as standard. The result is a price advantage of €30,000 for those investing in the machines.

For further information www.dmgmori.com

The organiser of METALEX 2020 (18-21 November, Bangkok) says the show will pave the way to sustainable successes for the region’s metalworking industry in the imminent Industry 4.0 era. The exhibition will open up new horizons in metalworking excellence and growth through the display of over 4800 new machine tools, metalworking solutions, sheet metal-forming innovations, and many other technologies by exhibitors from 50 countries.

METALEX has dedicated itself as a high-class metalworking technology platform for over 34 years. In 2020, this annual event will take visitors on a journey to witness Industry 4.0 with their own eyes. Covering 10 halls and 64,000 sq m, the show will also play host to an extensive conference programme. Some 84 speakers will be helping visitors tackle current and upcoming challenges.

For further information www.metalex.co.th