Mastercam
Deal News | Feb 04, 2025 | PR Newswire Cision Mastercam
Sandvik, a global engineering group, has announced the acquisition of MCAM Northwest, ShopWare, and the CAD/CAM solutions business of OptiPro Systems. These acquisitions are significant milestones for Mastercam, a leading provider of CAD/CAM solutions and part of the Sandvik Group, in its mission to shape the future of manufacturing. MCAM Northwest has been a key channel partner of Mastercam, serving regions in the Northwest U.S., while ShopWare is a trusted partner in the Midwest, and OptiPro Systems has been instrumental in New York. By integrating the regional expertise of these partners, Mastercam aims to enhance innovation and service delivery in these areas. Russ Bukowski, Interim President of Mastercam, emphasized that these acquisitions reinforce Mastercam's commitment to providing top-tier support and cutting-edge CAD/CAM solutions to manufacturers. This strategic growth initiative combines organic developments with targeted acquisitions, strengthening Mastercam's ecosystem with new talent, technology, and expertise. As part of Sandvik's portfolio, Mastercam continues to support global manufacturers with advanced solutions, connected processes, and unparalleled support.
Sectors
- Manufacturing Software
- Engineering
Geography
- United States – The acquisition targets are based in various U.S. states including Oregon, Washington, Idaho, Alaska, Hawaii, Illinois, Indiana, Iowa, Kentucky, Wisconsin, and New York.
- Sweden – Sandvik, the parent company of Mastercam, is headquartered in Sweden.
Industry
- Manufacturing Software – The article revolves around Mastercam, a major provider of CAD/CAM solutions, which directly falls under this industry.
- Engineering – Sandvik's involvement as a global engineering group highlights the engineering sector's relevance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mastercam | Acquiring Company | Company | Mastercam is a leading global provider of CAD/CAM solutions and a member of Sandvik Group. |
| Sandvik | Parent Company | Company | Sandvik is a global engineering group that owns Mastercam and focuses on high-technology engineering. |
| MCAM Northwest | Target Company | Company | MCAM Northwest is a key channel partner of Mastercam serving the Northwest U.S. regions. |
| ShopWare | Target Company | Company | ShopWare is a trusted Mastercam partner serving Midwest U.S. regions. |
| OptiPro Systems | Target Company | Company | OptiPro Systems is involved in CAD/CAM solutions in New York and is linked to Brightside 09, Inc. |
| Brightside 09, Inc. | Associated Company | Company | Brightside 09, Inc. is associated with OptiPro Systems and its solutions in the regions. |
| Russ Bukowski | Interim President | Person | Russ Bukowski is the Interim President of Mastercam, commenting on the strategic acquisitions. |
| Michelle Nemeth | Marketing Specialist | Person | Michelle Nemeth is a marketing specialist at Mastercam and a contact for more information. |