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Battery Ventures Acquires Cimatron and GibbsCAM Businesses from 3D Systems

Businesses to join Battery-owned SigmaTEK under new corporate umbrella; combination to spur growth and continue product investment

Boston, MA —(Nov. 02, 2020) – Battery Ventures, a global, technology-focused investment firm, has agreed to acquire the combined Cimatron and GibbsCAM software businesses from global additive manufacturing solutions company 3D Systems Corporation (NYSE: DDD). The transaction is expected to close during the fourth quarter of 2020, subject to customary closing conditions.

As part of the acquisition, Cimatron and GibbsCAM will join Battery-backed SigmaTEK Systems*, a CAD/CAM software provider serving professional fabricators, in a new holding company called CAMBRIO. Headed by Robbie Payne, current SigmaTEK Systems CEO and a veteran tech executive, CAMBRIO will leverage Cimatron and GibbsCAM to offer a diverse set of design and machining software solutions, and firmly position itself as a CAD/ CAM innovator in the fabrication, toolmaking, and production machining industries.

Current SigmaTEK Chairman Richard Smith, previously the CEO of Vero Software*, a U.K.-based CAD/CAM software maker acquired by Hexagon AB in 2014, will join CAMBRIO’s board, along with Steve Sivitter, another former Vero executive who is currently the CEO of 1WorldSync*, a product-content solutions company whose software helps large brands share product data with retailers, operators and distributors. “We are extremely pleased for the companies to be combining forces – it is a great strategic match,” Smith said. “The teams have a proven track record, and we can leverage our extensive domain expertise in manufacturing software to drive product development and benefit our customers like never before.”

Commenting on the acquisition, Payne said: “We are often serving the same customer profile and trying to solve similar industry issues with innovative software technology. As a combined entity, we will continue to invest in each of the individual products, make our customers more productive, and enlarge our distribution capability. Finally, we are excited about working with the existing Cimatron and GibbsCAM employees and partners, and look forward to further expanding our presence in the global market.”

Sandvik to acquire leading CAM software company CAMBRIO

Sandvik to acquire leading CAM software company CAMBRIO

Sandvik has signed an agreement with Battery Ventures to acquire US-based CAMBRIO, a leading company with an end-to-end portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace.

CAMBRIO Appoints Sandeep Srivastava as Country Manager for India, South East Asia, and Middle East

CAMBRIO Appoints Sandeep Srivastava as Country Manager for India, South East Asia, and Middle East

CAMBRIO, a global manufacturing software solutions provider is pleased to announce that Sandeep Srivastava will join the leadership team, and has been appointed Managing Director – India, South East Asia, and Middle East.

Battery Ventures Acquires Cimatron and GibbsCAM Businesses from 3D Systems

Battery Ventures Acquires Cimatron and GibbsCAM Businesses from 3D Systems

Businesses to join Battery-owned SigmaTEK under new corporate umbrella; combination to spur growth and continue product investment.

CAMBRIO Appoints Antonio Parisse as VP of Cimatron

CAMBRIO Appoints Antonio Parisse as VP of Cimatron

CAMBRIO, a global manufacturing software solutions provider, is pleased to announce that Antonio Parisse will join the Leadership Team, and has been appointed to serve as Vice President of Cimatron.