QTE Manufacturing Solutions Statement on CNC Software/Sandvik Acquisition
St. Louis — CNC Software, owners of Mastercam, announced yesterday that they have joined with Sandvik AB after a long and successful manufacturing partnership.
This decision was carefully considered to ensure continued success for current and future customers of both companies. Sandvik AB shares the passion for manufacturing that drives both Mastercam and QTE Manufacturing Solutions. With the combined resources and expertise, Mastercam’s goal is to expand CAM programming power for manufacturers everywhere and stay at the forefront of developing machining techniques.
"We are excited at the future opportunities with Mastercam’s acquisition by Sandvik. With the growth of Industry 4.0 initiatives, this helps solidify Mastercam’s place in the global market with its niche in CNC programming. New opportunities to build its strengths with the additional resources and knowledge available through Sandvik’s portfolio of companies can lead to a significant advantage for all of our customers," said Jason Quinn, president of QTE Manufacturing Solutions. "We do not anticipate any changes in the delivery of our expertise to our customers and we are operating business as usual. We are happy to address any questions or concerns. You can reach out to anyone on our team, including myself."
The acquisition is expected to close in the 4th quarter of 2021, pending regulatory approvals.
Click here to read the full statement released by Mastercam.