Sandvik acquires CAM reseller FASTech

Sandvik has acquired the assets of FASTech – a US based reseller of computer aided manufacturing (CAM) tools in the Mastercam network. Masrercam is the global leader in CAD/CAM software. Sandvik stated this acquisition strengthens its position in the CAM market and further builds on its capabilities to serve customers and expand its customer base.

According to Sandvik, FASTech will be a part of business unit Mastercam. Sandvik Manufacturing and Machining Solutions will assume posting of FASTech.

Stefan Widing, President and CEO of Sandvik, stated about the deal: “This acquisition supports our strategic direction to grow in the digital manufacturing space, strengthens our regional presence, and enhances our ability to help our customers.”

FASTech serves manufacturing customers in the midwestern United States. Company officials emphasized the acquisition will have limited impact on Sandvik’s EBITA margin and earnings per share. The parties agreed not to disclose the purchase price.

The multinational company historically has a record of important acquisitions. Tracxn – a Cloud-based market intelligence platform – stated in 2025 Sandvik has completed ninety-four acquisitions with an average acquisition amount of $399M. Its most active year was 2021, with twelve acquisitions, and it has averaged three acquisitions annually over the past three years. These acquisitions are spread our over twenty-three countries with most of them being in the Germany and United States.

Prior to FASTech, Sandvik’s most recent acquisition was of Universal Field Robots. The Australian-based company is a provider of autonomous field robots. Sandvik acquired it in August 2024.

FASTech was founded in 1988 and is currently headquartered in Findlay, Ohio.

Sandvik is a globally renowned high-tech engineering company. The company specializes in products and services for mining, rock excavation, rock drilling, rock processing (crushing and screening), metal cutting and machining. The firm was founded in Sweden in 1862.

More information about this acquisition and the companies involved is posted on www.home.sandvik.com.