Sandvik acquires Verisurf to enhance metrology solutions
Sandvik AB, headquartered in Stockholm, Sweden, has signed an agreement to acquire metrology software solutions provider Verisurf Software, Inc., Anaheim, California, USA, for an undisclosed purchase price.
This acquisition is intended to complement and enhance Sandvik’s position in industrial metrology and strengthen the combined digital manufacturing offering to small and mid-sized manufacturers (SMEs). The company will be reported as a separate business unit within Sandvik Manufacturing and Machining Solutions.
Verisurf is principally active in the North American market. The company serves a customer base of around 1,500 companies – SMEs as well as larger customers – with exposure in segments such as aerospace and defence. Verisurf offers modular-based software solutions for quality inspection, assembly guidance, and reverse engineering built on the Mastercam Design (CAD) platform.
“Verisurf will strengthen our metrology offering and ability to support the growing customer demand for precision measurement and quality assurance in manufacturing. The acquisition fits very well with our strategy to grow in digital manufacturing and provide comprehensive solutions for our customers to drive efficiency and productivity,” said Stefan Widing, president and CEO of Sandvik.
In 2024, Verisurf had revenues of approximately SEK 130 million ($12 million). The impact on Sandvik’s EBITDA margin and earnings per share is expected to be limited.
The companies have agreed not to disclose the purchase price. The transaction is expected to close during the second quarter of 2025, subject to customary regulatory approvals.
