A Swedish high-tech engineering company that supplies to the heat treat industry, offering tooling systems, advanced stainless steels and special alloys, recently announced intentions to broaden its reach in digital manufacturing through the planned acquisition of French software company, Metrologic Group, headquartered in Meylan.
Björn Rosengren, president and CEO of Sandvik Group, based in Sandviken, Sweden, noted that this announcement is a “first material step towards an increased offering in digital manufacturing in Sandvik Machining Solutions.”
A market leader in agnostic metrology software, Metrologic Group would form a new business unit within a new product area in Sandvik Machining Solutions and would maintain brand independence, in line with Sandvik’s decentralized business model.
Metrologic Group develops 3D inspection software and electronics which run measurement machines used for dimensional control notably in the automotive, aeronautics, transport, and medical sectors. The company’s offering includes agnostic software for metrology, automation and robotics control as well as services for calibration and 3D-measuring. Products are used globally in most industries, including automotive, aerospace, energy, general engineering and consumer goods, all similar to that of Sandvik Machining Solutions.
“By merging Sandvik Machining Solutions’ know-how about materials, customer applications and machining processes with Metrologic’s deep understanding of measurement technology, we would be able to further expand the offering of increased productivity. I am convinced that this step towards increased digital manufacturing will be key for continued success for Sandvik Machining Solutions,” said Klas Forsström, president of Sandvik Machining Solutions.
The transaction is expected to close mid-2018.
