Sandvik Expands U.S. Digital Manufacturing Presence with Acquisition of QTE Manufacturing Solutions

Sandvik Expands U.S. Digital Manufacturing Presence with Acquisition of QTE Manufacturing Solutions

(IN BRIEF) Sandvik has strengthened its digital manufacturing portfolio with the acquisition of QTE Manufacturing Solutions, a U.S. reseller of Mastercam software and related products from Verisurf and Vericut. The Missouri-based company, which serves manufacturers across the Midwest, will join Sandvik’s Mastercam business unit under its Machining and Intelligent Manufacturing division. With annual net revenues of around SEK 45 million in 2024, QTE’s addition is expected to enhance Sandvik’s regional presence and direct sales capabilities, though its impact on overall earnings will be minimal. The acquisition aligns with Sandvik’s broader strategy to expand its global reach and leadership in digital manufacturing. 

(PRESS RELEASE) STOCKHOLM, 4-Nov-2025 — /EuropaWire/ — Sandvik has announced the acquisition of QTE Manufacturing Solutions (QTE), a U.S.-based reseller of Computer Aided Manufacturing (CAM) software operating within the Mastercam network. Alongside distributing Mastercam products, QTE also provides 3D metrology software from Verisurf and CNC simulation software from Vericut — both of which are owned by Sandvik. Following the acquisition, QTE will become part of the Mastercam business unit and will be reported under Sandvik’s Machining and Intelligent Manufacturing division.

“This acquisition supports our long-term growth ambitions in digital manufacturing,” said Stefan Widing, President and CEO of Sandvik. “By strengthening our regional presence and expanding our direct sales channels, we are enhancing our ability to deliver comprehensive software solutions and better support our customers’ manufacturing needs.”

Headquartered in St. Charles, Missouri, QTE employs 12 people and serves a wide range of manufacturing clients across the Midwest region of the United States. In 2024, the company reported annual net revenues of approximately SEK 45 million. Sandvik noted that the acquisition will have a limited impact on its EBITA margin and earnings per share. The agreed purchase price remains confidential.

The acquisition marks another strategic step in Sandvik’s continued investment in digital manufacturing solutions and its commitment to advancing smart, data-driven technologies that improve precision, productivity, and customer value across the machining industry.

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Sandvik Group
Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2024 the Group had approximately 41,000 employees and revenues of about SEK 123 billion in more than 150 countries.

SOURCE: Sandvik AB