Sandvik to buy metrology software company Metrologic Group
April 29, 2018 by Manufacturing AUTOMATION
Apr. 29, 2018 – Sandvik Machining Solutions has announced it intends to acquire software company Metrologic Group from Astorg Partners at a price of 360 million EUR, in a move to help customers achieve a more seamless manufacturing chain by linking the machining and quality assurance processes, it says.
Headquartered in Meylan, France, Metrologic Group is a provider of 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, the company explains, adding that the Metrologic Group management team would remain with the company.
“I am very pleased about this first material step towards an increased offering in digital manufacturing in Sandvik Machining Solutions. This enables a broadened customer offering covering more of the total manufacturing value chain,” said Björn Rosengren, Sandvik president and CEO.
Metrologic Group’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 following consultation with works council and is subject to customary regulatory approvals.