Sandvik has signed an agreement to acquire US-based DWFritz Automation Inc., one of the world’s leading providers of precision metrology, inspection and assembly solutions for advanced manufacturing. DWFritz automation designs, builds and supports metrology solutions and on-command, high-speed and contactless automation systems. Founded in 1973, the company is a trusted partner of many Fortune 500 customers, with more than 2,000 systems installed worldwide.
“This is in line with our strategic goal of growing organically and through acquisitions in advanced manufacturing, with a particular focus on industrial software, industrial metrology and additive manufacturing solutions,” said Stefan Widing, President and CEO of Sandvik.
With DWFritz Automation, Sandvik would expand its current metrology offering and take a leading position in inline metrology, including a broader position in high speed, high volume and contactless assembly inspection and automation. .
“By acquiring DWFritz Automation, we will be able to further expand our metrology and automation offering. This will not only strengthen our position, but also allow us to offer complete metrology solutions to our customers, which will reduce costs and significantly improve quality in their wider value chain. I look forward to welcoming the DWFritz team to Sandvik, ”said Kim Hansen, President, Metrology, Sandvik Manufacturing Solutions.
Private company DWFritz Automation is headquartered in Wilsonville, Oregon, with offices in China and France. In 2020, the company had approximately 560 employees.
Mike Fritz, CEO of DWFritz Automation, said: “We are really excited about the opportunity to be part of the Sandvik family. Since our founding, we have continuously advanced the interests of our clients by being innovative and investing in new technologies to help them accomplish their critical missions. This synergy will allow us to add even more value to customers and partners, in addition to expanding our presence in key markets through Sandvik’s global presence. This agreement is a game-changer in the world of metrology and automation and we are delighted to be a part of it. ”
Over the years, DWFritz Automation has developed complex automation and precision metrology systems for some of the world’s best-known brands in many verticals. Several products make up the company’s product portfolio, including the ZeroTouch product family, which is based on a unique and patented high-speed, non-contact metrology platform architecture with micrometric precision.
With this acquisition, DWFritz Automation will become part of the Metrology division, within the Sandvik Manufacturing Solutions business segment. The transaction is expected to close in the second half of 2021, subject to customary regulatory approvals.
Two metrology companies are already part of Sandvik’s Metrology division: Metrologic Group and ATT Metrology Services. Metrological group designs and sells 3D measurement software solutions, electronic devices and related services to leading customers, where accuracy ranges from micrometers to millimeters. With more than 40 years of experience, the company has also developed robotic solutions, combining robotic programming and metrology in a single software. ATT Metrology Services is an advanced on-site precision measurement service provider, using state-of-the-art metrology equipment and software – and has over 30 years of experience.
Acquisition of Cambrio
Sandvik has signed an agreement with Battery Ventures to acquire the American company Cambrio, a leading company with a comprehensive portfolio of CAD / CAM software for manufacturing industries such as automotive, transportation, energy, medical and aerospace. Cambrio will report to the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions.
“This is in line with our strategic goal of growing organically and through acquisitions in advanced manufacturing, with a particular focus on industrial software close to component manufacturing, industrial metrology and manufacturing solutions. additive. Cambrio will enable an expanded customer offering, covering a greater part of the total manufacturing value chain, ”says Widing.
Sandvik’s strategic ambition is to provide its customers with software solutions that automate the entire component manufacturing value chain, from design and planning to preparation, production and verification. Computer Aided Manufacturing (CAM) plays a vital role in the digital manufacturing process, creating an offer of automated solutions from design to machining.
By acquiring Cambrio, Sandvik will establish an important position in the CAM market which includes both tool making and general purpose machining. This will complement Sandvik Manufacturing Solutions’ existing customer offering.
Cambrio’s product portfolio includes GibbsCAM for production milling, turning and mill-turn operations, Cimatron for molds and dies, and SigmaNEST for sheet metal fabrication.
“With the addition of Cambrio’s product offering, we will be able to help our customers further increase their productivity in the broader value chain. We share the same desire to automate workflows and make our customers more efficient and sustainable. I look forward to welcoming the Cambrio team to Sandvik, ”said Mathias Johansson, President of Design & Planning Automation at Sandvik Manufacturing Solutions.
Cambrio is headquartered in Ohio and has 375 employees. In 2020, the company achieved sales of approximately SEK 628 million (USD 68 million) with a slightly dilutive EBIT margin compared to Sandvik Manufacturing and Machining Solutions. The impact on Sandvik’s earnings per share will initially be neutral. The parties have agreed not to disclose the purchase price.
The transaction is expected to close in the second half of 2021 and is subject to customary regulatory approvals.
Sandvik has signed an agreement to acquire the Polish company Fabryka Narzędzi FANAR SA (Fanar), a manufacturer of round tools. The company will report to Seco, a division of the Sandvik Manufacturing and Machining Solutions business area.
“We continue to implement our growth strategy and this acquisition is a further step in strengthening our round tool offering,” says Widing.
The acquisition enhances Seco’s product offering in tapping and solid threading applications and enhances the presence in Poland and the growing market for round tools.
“I am very pleased that we have reached an agreement to acquire Fanar, this will strengthen our presence in the important Polish market and strengthen our exposure to our targeted segments,” said Nadine Crauwels, President of the Sandvik Machining Solutions business unit.
Fanar was founded in 1966, is headquartered outside of Warsaw and has 230 employees. In 2020, Fanar achieved a turnover of approximately SEK 175 million. The impact on Sandvik’s earnings per share will be limited. The parties have agreed not to disclose the purchase price.
The transaction is expected to close in the fourth quarter of 2021 and is subject to relevant regulatory approvals.