1. Kennametal partners with Hexagon for cloud-based Tool Library integration. 2. Machinists can now access verified tooling data more efficiently. 3. Integration reduces setup time and improves machining accuracy. 4. Supports solid carbide drills and end mills, with future expansions planned. 5. Aiming to digitally enhance the manufacturing value chain globally.
FAQ
Why Bullish?
The partnership with Hexagon enhances efficiency and could increase sales. Historically, tech integrations have led to improved market performance.
How important is it?
Integration with a recognized tech firm strengthens product offerings, potentially attracting new clients.
Why Long Term?
The integration is part of a broader digitalization strategy, implying sustained benefits over time, similar to past technological advancements.
Kennametal Inc. (KMT) and Hexagon Forge a Strategic Integration for Efficient Machining
Kennametal Inc. (NYSE: KMT) has announced a groundbreaking collaboration with Hexagon that aims to revolutionize the machining industry. This integration involves the combination of Kennametal's extensive tooling expertise and Hexagon’s advanced Computer-Aided Manufacturing (CAM) technology, facilitating faster and smarter machining solutions for machinists worldwide.
Seamless Access to Tooling Data
The new integration allows machinists to import verified Kennametal tooling data directly into Hexagon's WORKNC CAM software. By doing so, the process reduces setup times and enhances machining precision. The cloud-based Tool Library supports realistic 3D models, smart assemblies, and scalable performance for thousands of tools.
Enhancing Manufacturing Efficiency
Dr. Carlonda Reilly, Chief Technology Officer at Kennametal, commented on the integration: "This integration helps manufacturers access our machining solutions more efficiently." She added, "By combining our validated tooling data with Hexagon's powerful CAM technology, we're advancing our strategy to enable digitalization of the manufacturing value chain to better serve machine shops worldwide."
Supported Tools and Future Expansion Plans
Currently, the integration focuses on solid carbide drills and end mills tailored for WORKNC users. Kennametal plans to broaden the scope of this collaboration with the introduction of additional CAM systems and product lines in the upcoming months.
- Current Support: Solid carbide drills and end mills.
- Future Plans: Expansion to additional CAM solutions.
About Hexagon and Kennametal
Hexagon is recognized as a global leader in measurement technologies, providing reliable solutions that enhance productivity and safety across various industries. With approximately 24,800 employees in over 50 countries, Hexagon reported net sales of approximately €5.4 billion.
In contrast, Kennametal, with a legacy spanning over 85 years, is an industrial technology leader dedicated to delivering cutting-edge solutions in materials science and tooling. With approximately 8,100 employees serving clients in nearly 100 countries, Kennametal achieved revenues of $2 billion in fiscal 2025.