In line with its agenda to broaden Sandvik Machining Solutions’ customer offering in digital manufacturing, Sandvik says it intends to acquire the French software company Metrologic Group from Astorg Partners for 360 million euros on a cash and debt-free basis.
Based in Meylan, France, Metrologic is a market leader in ‘agnostic’ metrology software (independent of communication protocols); in its fiscal year to the end of September 2017, it generated revenues of 43.3 million euros.
Björn Rosengren, president and CEO of Sandvik, said: “I am very pleased about this first step towards an increased offering in digital manufacturing by Sandvik Machining Solutions, as this allows us to cover more of the total manufacturing value chain.”
Klas Forsström, president of Sandvik Machining Solutions, said: “By merging Sandvik Machining Solutions’ know-how about materials, customer applications and machining processes with Metrologic’s deep understanding of measurement technology, we will be able to further increase productivity.
“I am convinced that this step towards increased digital manufacturing will be key to continued success for Sandvik Machining Solutions.”