Battery Ventures acquires Cimatron and GibbsCAM from 3D Systems
Businesses to join Battery-owned SigmaTEK under new corporate umbrella: combination to spur growth and continue product investment
Battery Ventures, a global, technology-focused investment firm, has agreed to acquire the combined Cimatron and GibbsCAM software businesses from global additive manufacturing solutions company 3D Systems Corporation. The transaction is expected to close during the fourth quarter of 2020, subject to customary closing conditions.
As part of the acquisition, Cimatron and GibbsCAM will join Battery-backed SigmaTEK Systems*, a CAD/CAM software provider serving professional fabricators, in a new holding company called CAMBRIO. Headed by Robbie Payne, current SigmaTEK Systems CEO and a veteran tech executive, CAMBRIO will leverage Cimatron and GibbsCAM to offer a diverse set of design and machining software solutions, and firmly position itself as a CAD/CAM innovator in the fabrication, toolmaking, and production machining industries.
Current SigmaTEK Chairman Richard Smith, previously CEO of Vero Software, a UK-based CAD/CAM software maker acquired by Hexagon AB in 2014, will join CAMBRIO’s board, along with Steve Sivitter, another former Vero executive who is currently the CEO of 1WorldSync, a product-content solutions company whose software helps large brands share product data with retailers, operators and distributors.
“We are extremely pleased for the companies to be combining forces. It is a great strategic match,” says Richard Smith. “The teams have proven track records and we can leverage our extensive domain expertise in manufacturing software to drive product development and benefit our customers like never before.”
Commenting on the acquisition, Robbie Payne says: “We are often serving the same customer profile and trying to solve similar industry issues with innovative software technology. As a combined entity, we will continue to invest in each of the individual products, make our customers more productive, and enlarge our distribution capability. Finally, we are excited about working with the existing Cimatron and GibbsCAM employees and partners and look forward to further expanding our presence in the global market.”
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel, London and New York.
More than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, it brings innovation, performance, and reliability to every interaction, empowering our customers to create products and business models never before possible. 3D Systems’ solutions address a variety of advanced applications in healthcare and Industrial markets such as medical and dental, aerospace & defence, automotive and durable goods. More information on the company is available at www.3dsystems.com
Hexagon enhances its Smart Manufacturing solutions portfolio with the acquisition of D.P.Technology Corp
Hexagon AB, a global leader in sensor, software and autonomous solutions, has announced the signing of an agreement to acquire D.P.Technology Corp., a leading developer and supplier of computer-aided manufacturing (CAM) technology.
The ESPRIT CAM System, its flagship solution, is the smart manufacturing solution for any machining application. Supporting any class of CNC machine via a common interface and workflow, it provides high-performance CNC machine programming, optimisation, and simulation for a broad range of precision manufacturing applications.
Well known for its machine-optimised, edit-free G-code (toolpath), ESPRIT leverages a digital twin simulation platform to model the finished part, tools, and CNC machine. AI-based algorithms eliminate manual data input and provide machine operators with greater assurance of what will happen on the shop floor. The result – simplified programming, increased tool life and utilisation, reduced cycle times and improved productivity.
“D.P.Technology is an innovator with a strong focus on building smarter, data-driven manufacturing solutions. When combined with our production software portfolio, it cements our market-leading position in CAM, particularly around CNC manufacturing processes, and accelerates the development of our Smart Manufacturing portfolio,” says Hexagon president and CEO Ola Rollén. “Additionally, the D.P.Technology team has built excellent working relationships with leading machine tool providers and other manufacturing technology experts, which will prove invaluable in our open and interoperable manufacturing ecosystem approach.”
Founded in 1982 and headquartered in Camarillo, California, D.P.Technology employs around 260 people in 27 locations worldwide. The company is also represented by a network of 130 resellers across 44 countries, giving ESPRIT a global footprint and install base. D.P.Technology will operate as part of Hexagon’s Manufacturing Intelligence division. Completion of the transaction (closing) is subject to regulatory approvals. 2019 sales amounted to 35M EUR.
Hexagon is a global leader in sensor, software and autonomous solutions. It puts data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications. Hexagon technologies are shaping urban and production ecosystems to become increasingly connected and autonomous, ensuring a scalable, sustainable future. The group has approximately 20,000 employees in 50 countries and net sales of approximately 3.9bn EUR.
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Kemppi acquisition strengthen its position in welding aftermarkets
Kemppi has acquired 100 percent share of Italian welding torch manufacturer Trafimet Group S.P.A. The contract was signed in Italy on 1stMarch, with both companies will continue as separate businesses.
”Kemppi has a strong growth strategy and the acquisition is a natural part of that. The businesses and competencies of the two companies complement each other well and Trafimet’s product range strengthens Kemppi’s position especially in the aftermarkets of the welding business”, says Ville Vuori, CEO, Kemppi Oy.
The acquisition brings in a company with a strong position especially in the welding torch and consumable aftermarkets. In addition to the torches, the Trafimet product range includes welding accessories such as welder’s safety products. The company has a long history and its brands Trafimet, Sacit and Ferro hold an established position in the market.
“Having a strong European actor in the welding industry with us will benefit both companies in the future”, says Attilio Imi, CEO of Trafimet Group. “Trafimet and Kemppi continue to serve their own customers, but I believe that being under the same ownership will bring sourcing and logistic synergies. An owner with a long history in the welding market will be able to offer good development possibilities also in the long run and support our growth strategy.”
The acquisition does not have direct personnel effects or immediate changes in the organisation or operations of either company. Trafimet has been a supplier for Kemppi for several years and the sourcing cooperation will be strengthened further after the acquisition.
Kemppi is a pioneering company within the welding industry. Its role is to develop solutions that make you win business. Headquartered in Lahti, Finland, Kemppi employs over 600 welding experts in 13 countries and has a revenue of more than 120 M euros. The company’s offering includes welding solutions, i.e. intelligent equipment, welding management software and expert services, for both demanding industrial applications and ready-to-weld needs. Local expertise is available via a global partner network covering over 60 countries.
Trafimet Group has been in the welding market for over 40 years, during which time it has been known throughout the world for the reliability of its products. The company is focused on quality, innovation, service and staff development. Trafimet Group offers a complete and wide range of products dedicated to the world of welding, through its two brands Trafimet, Sacit and Ferro. Headquartered in Italy, Trafimet employs over 200 people and has a turnover of more than 30 M euros. Trafimet has a network of affiliates and selected partners worldwide.
ESAB completes acquisition of Sandvik welding business
ESAB Welding & Cutting Products has announced that it has completed the acquisition of the Sandvik welding operations including production units in Scranton, Pennsylvania, and Sandviken, Sweden, the technical sales and product management organisation, as well as multi-year strategic collaboration on R&D for future product developments.
“Adding the Sandvik welding operations and its associates provides ESAB the opportunity to better serve customers with a broader and enhanced portfolio of stainless steel and nickel filler metals,” says Shyam Kambeyanda, president of ESAB.
ESAB will be working over the next several months to integrate the Sandvik welding consumables business and operations to provide a smooth transition for customers worldwide.
Sandvik is a world-class developer and manufacturer of stainless steels and special alloys for demanding environments and has been one of the leading global suppliers of welding consumables for more than 80 years.
ESAB is a world leader in welding filler metals, with a portfolio including stainless steel, nickel and high-alloy filler metals, strip cladding electrodes and fluxes sold under such respected brands as Shield-Bright, Core-Bright, Arcaloy, OK Autrod, OK, OK Band and Stoody. With the addition of the Sandvik welding products portfolio, ESAB offers an unmatched ability to meet customer needs.
ESAB Welding & Cutting Products, established in 1904, is a recognised leader in the welding and cutting industry. From time-honoured processes in welding and cutting to revolutionary technologies in mechanised cutting and automation, ESAB’s welding filler metals, equipment, and accessories bring solutions to customers around the globe.
For more information about ESAB and its leading brands, visit www.esab.com