Cimatron
CAD/CAM Software Solutions for Mold and Die Makers
Company Overview
Snapshot
Founded in October 1982, Cimatron operated with 51–200 employees. The company was acquired by 3D Systems in November 2014, marking a significant exit for the CAD/CAM software provider.
Business overview
Cimatron develops and distributes CAD/CAM software solutions tailored for the manufacturing industry. The company's core product lines, GibbsCAM and CimatronE, offer specialized functionalities for mold and die makers, alongside solutions for 2.5-5-Axis production milling and turning. Cimatron serves various manufacturing sectors globally, with subsidiaries in Asia, North America, and Europe, and a network of certified independent service providers across more than 40 countries.
Strategic signal
Cimatron's acquisition by 3D Systems in November 2014 for $97 million significantly impacted the CAD/CAM software market. This strategic move allowed 3D Systems to integrate Cimatron's product design software into its portfolio, strengthening its position in the design segment and signaling a consolidation trend within the additive manufacturing and design software industries.
Log in to access full profile ›Company Intelligence Q&A
- What was the key strategic event for Cimatron in November 2014?
- In November 2014, Cimatron was acquired by 3D Systems for $97 million. This acquisition was seen as a move to strengthen 3D Systems' position in the design segment by integrating Cimatron's CAD/CAM software products.
- What was the impact of the acquisition on Cimatron's share price?
- The acquisition by 3D Systems in November 2014 resulted in a 43% increase in Cimatron's share price, reflecting a 47.5% premium on the market price prior to the announcement.
- Which investor was a primary beneficiary of the acquisition?
- Wellington, a US investment institution holding 14.6% of Cimatron, was a main beneficiary of the company's sale to 3D Systems in November 2014.
- What type of software does Cimatron develop?
- Cimatron develops and distributes CAD/CAM software for the manufacturing industry, specifically offering solutions for mold and die makers, as well as 2.5-5-Axis production milling and turning.
- When was Cimatron founded?
- Cimatron was founded in October 1982.