Sandvik Completes the Acquisition of Software Provider ICAM

Sandvik has completed the previously announced acquisition of the Canada-based ICAM Technologies Corporation, a provider of innovative solutions that translate CAM data into optimized coding for guiding CNC machining operations.

Also Read: Infoblox Extends Market Lead with Workplace Modernization Updates to NIOS, the Industry’s Leading Solution for Core Network Services

In 2020, the company had revenues of approximately SEK 30 million and an EBITA margin of approximately 25%.

The company will be reported in Coromant, a division within the business area Sandvik Manufacturing and Machining Solutions.