![]() ![]() This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. For more information about our organization, please visit ey.com. ![]() Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. ![]() ![]() In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.ĮY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. CAM plays a vital role in the digital manufacturing process, enabling new and innovative solutions in automated design for manufacturing,” says Stefan Widing, President and CEO of Sandvik.ĮY’s TMT team supported Sandvik across the transaction as corporate finance advisor and provided financial and tax due diligence services while EY-Parthenon provided strategic rationale support, showcasing EY’s multidisciplinary transaction and sector capabilities.ĮY | Assurance | Tax | Transactions | AdvisoryĮY is a global leader in assurance, tax, transaction and advisory services. The acquisition of CNC Software and the Mastercam portfolio, in combination with our existing offerings and extensive manufacturing capabilities, will make Sandvik a leader in the overall CAM market measured in installed base. “This is in line with our strategic focus to grow in the digital manufacturing space, with special attention on industrial software close to component manufacturing. On Augit was announced that Sandvik has signed an agreement to acquire US based CNC Software Inc, a leading provider of CAD/CAM software solutions for manufacturing industries and the company behind Mastercam, the most widely used Computer Aided Manufacturing (CAM) brand in the industry. ![]()
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