Battery Ventures portfolio company CAMBRIO sold to Sandvik
October 18, 2021
Cooley advised CAMBRIO, a leading computer-aided design/computer-aided manufacturing (CAD/CAM) software developer for manufacturing industries, in its sale by Battery Ventures to Sandvik AB, a Sweden-based multinational engineering company. Cooley advised Battery Ventures on the buy and build transactions to create CAMBRIO, including Battery’s initial buyout of SIGMATEK Systems in 2018, as well as add-on transactions acquiring companies with complementary technologies, Cimatron and GibbsCAM. With the sale transaction, the combined and rebranded company CAMBRIO was integrated into Sandvik’s design and planning automation division.