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An announcement from Sandvik AB ( (SE:SAND) ) is now available.
Sandvik has acquired the CAM business of MLC CAD Systems, a US-based reseller within the Mastercam network, folding it into its Mastercam business unit under the Intelligent Manufacturing division. The deal, which adds a Texas-headquartered team of 21 employees and around SEK 80 million in annual net revenue, is aimed at strengthening Sandvik’s direct software sales channel, regional presence and customer support capabilities in digital manufacturing; the company noted the financial impact on its EBITA margin and earnings per share will be limited, while the purchase price remains undisclosed.
The most recent analyst rating on (SE:SAND) stock is a Buy with a SEK400.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
More about Sandvik AB
Sandvik is a global high-tech engineering group that provides equipment, tools, services and digital solutions to enhance productivity, profitability and sustainability in the manufacturing, mining and infrastructure industries. With a strong focus on digitalization and process optimization, the group operates in more than 150 countries, generating around SEK 121 billion in annual revenue and employing about 42,000 people as of 2025.
Average Trading Volume: 2,205,301
Technical Sentiment Signal: Buy
Current Market Cap: SEK441.2B
For detailed information about SAND stock, go to TipRanks’ Stock Analysis page.