Sandvik Coromant acquires ICAM

Sandvik has signed an agreement to acquire Canada-based ICAM Technologies Corp., a provider of innovative solutions that translate CAM data into optimized coding for guiding CNC machining operations.

With a global reach, ICAM sells to some of the world’s most renowned companies in the Aerospace and Defense, General Engineering, and Automotive industries. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

"I am really happy to welcome ICAM to Sandvik Coromant and I look forward to us working together and strengthening our offer to our customers. ICAM's ability to deliver code reliability across all major CAD/CAM systems is well-aligned with our goal to serve all our customers in the best way possible, with a CAD/CAM-neutral portfolio” said Helen Blomqvist, president Sandvik Coromant.    

ICAM’s software combines post-processing, machine simulation, and tool-path optimization into solutions that save programming and part machining time, streamlining customer workflows as the user can go from their CAM system to verified and optimized coding (G-code) in just one step. ICAM’s offering is complimentary with the verification and optimization technology of CGTech, a global leader in software for numerical control (NC/CNC) simulation, verification, and optimization, also owned by Sandvik and reporting to Sandvik Coromant.

“For more than 30 years, CGTech has been a leader in simulating CNC machining, while ICAM has been a leading processing provider. ICAM and CGTech synergies will give customers a competitive advantage by reducing machining time and dependency on programming experience.  Like CGTech, ICAM is a technology leader with an entrepreneurial spirit, and we have known and respected each other for years. We look forward to working with everyone on the ICAM team.” said Margaret Schmitt, president of CGTech.    

“I and the rest of the ICAM team are really excited about the future. For many decades ICAM and CGTech have seen the world of CAM systems, computers, operating systems, machine tools, and their controls evolve exponentially. And only through hard work, focus and dedication, have both companies not only kept pace with all this change but have distinguished ourselves in our respective disciplines. ICAM and CGTech continue to share the same prestigious customer base who use our products as part of the most dependable and accurate Virtual Part Manufacturing Process in all-metal removal industries worldwide. On top of all this, we come from the same business culture, we have similar roots and equally have a rare tremendous depth-of-knowledge in a very complex world guaranteeing that this new relationship holds huge potential and promise for developing even greater innovations for our customers for years to come” said John Nassr owner of ICAM.