Mastercam Acquires MCAM Northwest, ShopWare, and OptiPro Systems' CAD/CAM Line
Deal News | Feb 04, 2025 | PR Newswire Cision Mastercam
Sandvik has announced the acquisition of MCAM Northwest, ShopWare, and the CAD/CAM solutions business line from OptiPro Systems, marking a significant expansion for their subsidiary, Mastercam. These strategic acquisitions aim to fortify Mastercam's position as a leading provider of CAD/CAM solutions, enhancing their portfolio with new talent and technologies that align with their mission to innovate within the manufacturing industry. For over 30 years, MCAM Northwest and ShopWare have been vital regional partners, now integrated to boost service and support for customers across the United States, including states in the Pacific Northwest and the Midwest. Through these additions, Mastercam, under Sandvik's umbrella, furthers its commitment to supporting manufacturers with comprehensive, connected processes and advanced solutions while fostering closer relationships with its customers.
Sectors
- Manufacturing
- Engineering
- Technology
Geography
- United States – The acquisitions concern companies and markets located in various states across the U.S., including Oregon, Southern Washington, Idaho, Alaska, Hawaii, Illinois, Indiana, Iowa, Kentucky, Wisconsin, and New York.
- Sweden – Sandvik, the parent company of Mastercam, is a Sweden-based global engineering group involved in this acquisition.
Industry
- Manufacturing – The article focuses on acquisitions within the manufacturing sector, enhancing CNC and CAD/CAM solutions for industrial applications.
- Engineering – Sandvik and Mastercam provide engineering solutions, focusing on digitalization and optimizing manufacturing processes.
- Technology – The article discusses the integration of advanced CAD/CAM technologies within Sandvik's portfolio, specifically through Mastercam's recent acquisitions.
Financials
- SEK 127 billion – Revenues of Sandvik Group in 2023 from continuing operations.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mastercam | Acquiring Company | Company | A leading provider of CAD/CAM solutions and subsidiary of Sandvik. |
| Sandvik | Parent Company | Company | A global, high-tech engineering group that owns Mastercam, providing solutions for the manufacturing sector. |
| MCAM Northwest | Target Company | Company | A Mastercam channel partner serving manufacturing customers in the Pacific Northwest region. |
| ShopWare | Target Company | Company | A Mastercam partner providing support in the Midwest region of the United States. |
| OptiPro Systems | Selling Company | Company | A company with a CAD/CAM solutions business line being acquired by Mastercam. |
| Brightside 09, Inc. | Holding Company | Company | The holding company associated with OptiPro Systems. |
| Russ Bukowski | Interim President | Person | Interim President of Mastercam, quoted in the announcement. |