Houlihan Lokey Advises CGTech

Houlihan Lokey is pleased to announce that our client CGTech, Inc., has been acquired by Sandvik AB (OM:SAND). The transaction closed on December 30, 2020.

CGTech is the leading provider of computer numerical control (NC/CNC) simulation, verification, programming, and optimization software, delivering best-in-class proprietary solutions to more than 3,500 of the world’s top aerospace and defense, automobile, industrials, and manufacturing brands. The company’s core software product, VERICUT, increases machining productivity, prevents costly machine crashes, enables testing in a “virtual world,” and allows global organizations to be more efficient, competitive, and profitable. CGTech’s modular portfolio of software solutions operate across almost every manufacturing environment and industry vertical while providing significant value to each client profile.

Sandvik is a high-tech, global engineering company that offers products and services that enhance customer productivity, profitability, and safety in the areas of mining and rock excavation, metal cutting, and materials technology. It offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor-made tools and inserts and tooling systems. It also provides mining and rock excavation equipment and tools, such as stationary and mobile crushers and screens; underground drill rigs and bolters; surface drill rigs; exploration drill rigs and tools; underground loaders and trucks; mechanical cutting equipment; rock tools and drills; and mining automation systems. The firm serves aerospace, automotive, construction, general engineering, mining, nuclear power generation, oil and gas, process, and renewable energy industries and operates in more than 160 countries.

Houlihan Lokey served as the exclusive financial advisor to CGTech.