M&A Deal Summary

Sandvik Acquires Cimquest

On February 26, 2024, Sandvik acquired software company Cimquest

Acquisition Highlights
  • This is Sandvik’s 10th transaction in the Software sector.
  • This is Sandvik’s 22nd transaction in the United States.
  • This is Sandvik’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-02-26
Target Cimquest
Sector Software
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

Cimquest

Branchburg, New Jersey, United States
Cimquest is a reseller of Computer Aided Manufacturing (CAM) solutions and Mastercam network. Cimquest was founded in 1990 and is headquartered in Branchburg, New Jersey.

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Buyer(S) 1

Buyer

Sandvik

Stockholm, Sweden
Category Company
Founded 1862
Sector Engineering
Employees40,344
Revenue 126.5B SEK (2023)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 52 of 55
Sector (Software) 10 of 10
Type (Add-on Acquisition) 46 of 49
State (New Jersey) 1 of 1
Country (United States) 22 of 23
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-28 pro-micron

Bayern, Germany

pro-micron is a supplier of sensorised tools and automation software. Sensorised tools are a high-growth market, with strong underlying drivers such as the accelerated shift to automated production, increasing demand for customer production data, and closed-loop manufacturing driving the need for digitalization. pro-micron was formed in 2002 and is based in Bayern, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Almu

Zell unter Aichelberg, Germany

Almu is a cutting tools and solutions provider within high-precision drilling, reaming, milling, and tooling systems. The company provides tailor-made precision tool solutions and services to the machining industry. Almu is based in Zell unter Aichelberg, Germany.

Buy -
Mergr

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