Industry 4.0 & Smart Manufacturing
Sandvik, PARC partner to advance digital manufacturing
The parties say the new automation capabilities will offer customers more intelligent manufacturing
April 24, 2017 by Sandvik Coromant and PARC
Apr. 24, 2017 – Sandvik Coromant says it is strengthening its capabilities in digital manufacturing by signing a research agreement with PARC, a Xerox company. The deal means PARC will provide Sandvik with a footprint in Silicon Valley and R&D resources in digital manufacturing.
Under the terms of the agreement, PARC will allocate resources to conduct R&D technologies within digital manufacturing for Sandvik Coromant. As well, Sandvik will acquire all intellectual property and technology related to PARC’s software for process planning and automated manufacturing cost estimation for subtractive manufacturing.
“This partnership is a natural step and in line with Sandvik Coromant’s long-term strategy to develop attractive solutions in the field of digital manufacturing and Industry 4.0,” said Magnus Ekbäck, vice president and head of business development and digital machining for Sandvik Coromant. “With this cooperation we will significantly strengthen our capabilities within digital machining.”
“Manufacturing is entering a dynamic new phase as the cyber and physical worlds converge, and the complex and diverse industry needs significant innovation to truly progress,” said PARC CEO Tolga Kurtoglu. “The missing piece for complete design automation and manufacturing of complex products has been the integrated coupling of design and manufacturing, which we have been developing at PARC for many years. We’re pleased to partner with Sandvik Coromant to see these innovations come to life on the global stage.”
The strategic research agreement will be governed by a joint steering committee with representatives from both PARC and Sandvik.