Sandvik's Strategic Move to Enhance 3D Metrology Capabilities

Author: Evelyn Baker Updated: 03-10-2025 02:42 PM

Sandvik Expands Its Reach with Verisurf Acquisition

Sandvik has made a significant step forward by signing an agreement to acquire Verisurf Software, Inc., a leading provider of 3D metrology software solutions. This strategic acquisition aims to enhance Sandvik's existing capabilities in industrial metrology, adding a robust dimension to its digital manufacturing offerings tailored for small and mid-sized manufacturers.

The Role of Verisurf in Industrial Metrology

Verisurf has made its mark primarily in the North American market, catering to a diverse range of approximately 1,500 clients, which includes small and medium enterprises, as well as larger organizations in sectors such as aerospace and defense. The software solutions provided by Verisurf are modular and user-friendly, focusing on quality inspection, assembly guidance, and reverse engineering, all built on the well-regarded Mastercam Design (CAD) platform.

Enhancing Customer Support Through Acquisition

Stefan Widing, Sandvik's President and CEO, expressed optimism regarding this acquisition. He highlighted that Verisurf would strengthen Sandvik's metrology offering and enhance its ability to meet the increasing demand for precision measurement and quality assurance in manufacturing. This acquisition aligns perfectly with Sandvik's strategy of continuous growth in digital manufacturing, ensuring they provide comprehensive solutions that bolster efficiency and productivity for their customers.

Financial Impact and Future Prospects

Verisurf is headquartered in Anaheim, California, and has a workforce of 44 employees. The company reported revenues of around SEK 130 million (approximately USD 12 million) in the preceding year. Notably, Sandvik anticipates that this acquisition will have a limited impact on its EBITA margin and earnings per share. While the purchase price has not been disclosed, the transaction is expected to close in the second quarter of the upcoming year, contingent upon receiving the customary regulatory approvals.

Company Contact Information

For further information regarding this acquisition or other inquiries, Sandvik is reachable through Louise Tjeder, Vice President of Investor Relations, at +46 (0) 70782 6374 or Johannes Hellström, the Press and Media Relations Manager, at +46 (0) 70721 1008.

Frequently Asked Questions

What is the main goal of Sandvik's acquisition of Verisurf?

The acquisition aims to enhance Sandvik's capabilities in industrial metrology and strengthen its offerings in digital manufacturing for SMEs.

How does Verisurf contribute to Sandvik’s portfolio?

Verisurf provides user-friendly, modular software solutions for quality inspection, reverse engineering, and assembly guidance, which will enhance Sandvik's existing offerings.

What financial impact does Sandvik expect from this acquisition?

Sandvik anticipates a limited impact on its EBITA margin and earnings per share following the acquisition of Verisurf.

When is the acquisition expected to close?

The transaction is expected to close during the second quarter of the upcoming year, pending regulatory approval.

Who can be contacted for more information regarding the acquisition?

Louise Tjeder and Johannes Hellström are the points of contact at Sandvik for inquiries related to this acquisition.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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