Gibbs will be merged with and into a newly established U.S. subsidiary of Cimatron, according to an announcement by Cimatron Limited (Givat Shmuel, Israel) and Gibbs System, Inc., aka Gibbs & Associates (Moorpark, CA).
The combined company's annual revenues are expected to exceed $40M, making Cimatron one of the top 10 CAM software vendors.
Bringing together the CimatronE integrated CAD/CAM suite for toolmaking with the GibbsCAM CAD/CAM software for programming CNC machine tools will allow the merged company to offer a product portfolio for all segments of the CAM market, from mold and die making, through 2.5- and 5-axes production, to mill-turn and multitasking machining. Plus, the combined distribution networks of Cimatron and Gibbs complement each other, providing coverage of target markets worldwide, including North America, Europe, and Asia Pacific.