STOCKHOLM, January 3, 2025 /PRNewswire/ — Sandvik has acquired the property of FASTech, a US reseller of computer-aided manufacturing (CAM) options within the Mastercam community. With this acquisition, Sandvik strengthens its place within the CAM market and strengthens its capabilities to serve its clients and broaden its buyer base. FASTech might be a part of the Mastercam enterprise unit and reported throughout the Sandvik Manufacturing and Machining Options enterprise space.
“This acquisition helps our strategic route to develop in digital manufacturing, strengthens our regional presence and enhances our skill to assist our clients,” stated Stefan WiedingChairman and CEO of Sandvik.
FASTech, based in 1988, is headquartered in Findlay, Ohioand serves manufacturing clients within the Midwest area of the USA. The affect on Sandvik’s EBITA margin and earnings per share might be restricted. The events have agreed to not disclose the acquisition value.
Sandvik AB
For extra info, contact Louise TjederVP Investor Relations, phone: +46 (0) 70782 6374 or Johannes HellströmPress and Media Relations Supervisor, phone: +46 (0) 70721 1008
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Sandvik acquires CAM reseller FASTech
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