Sandvik Boosts Digital Manufacturing Footprint with Acquisition of QTE Manufacturing Solutions
#DigitalManufacturing #Mastercam #CAMSoftware #TechAcquisition #USManufacturing #MoldingTheFutureThis acquisition supports our growth strategy within digital manufacturing. It strengthens our regional presence and ability to help our customers, and enhances the direct sales channel of our software solutions.”- Stefan Widing, President and CEO, Sandvik
November 2025 : Global high-tech engineering group Sandvik has strategically reinforced its position in the digital manufacturing space, announcing the acquisition of QTE Manufacturing Solutions (QTE), a U.S.-based reseller specializing in Computer Aided Manufacturing (CAM) solutions.
QTE is a key player in the Mastercam network and also distributes 3D metrology software from Verisurf and CNC simulation software from Vericut—both of which are already part of the Sandvik portfolio. This integration streamlines Sandvik’s distribution channels for its crucial software offerings in the competitive Midwest U.S. market.
QTE, headquartered in St. Charles, Missouri, employs 12 individuals and primarily services manufacturing clients across the Midwest region. The company is set to be integrated into the Mastercam business unit and will report within Sandvik's Machining and Intelligent Manufacturing business area.
The acquisition directly aligns with Sandvik’s aggressive growth strategy within digital manufacturing, particularly by strengthening its customer outreach and direct sales capabilities. Stefan Widing, President and CEO of Sandvik, commented on the strategic rationale: “This acquisition supports our growth strategy within digital manufacturing. It strengthens our regional presence and ability to help our customers, and enhances the direct sales channel of our software solutions.”
In 2024, QTE reported an annual revenue of approximately SEK 45 million. While the financial impact on Sandvik’s EBITA margin and earnings per share is expected to be limited, the strategic value lies in enhancing the Group’s service ecosystem and regional penetration. The purchase price for the transaction remains undisclosed by mutual agreement between the parties.
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