Former Gibbs head Bill Gibbs assumed the position of Cimatron President North America and Vice Chairman of Cimatron Ltd. In January 2008, Cimatron merged with US CNC machining software company Gibbs and Associates. By July 2008, Cimatron had completed the acquisition of 100% of Microsystem. In July 2005, Cimatron acquired an initial 27.5% interest in Microsystem Srl, its Italian distributor.
However, in 2013 its board of directors voted to delist from the TASE. In March 2011, Cimatron began trading on the Tel-Aviv Stock Exchange, becoming a dual listed company. In 1999 Cimatron launched its product for Windows, CimatronE. In March 1996, Cimatron began trading on the Nasdaq under the symbol CIMT. In 1990, the company launched Cimatron IT, which it claimed was the world's first integrated CAD/CAM software. In 1987 the company changed its name to Cimatron. The company was founded in 1982 as MicroCAD, releasing its first software products Multicadd and Multicam in 1984 for use by small- to medium-sized tool shops. One of the company's major clients is China’s Haier Mould, a subsidiary of the Haier Group. Its clients are largely from the automotive, aerospace, consumer electronics, toys, medical, optics and telecom industries. Its main software products, CimatronE and GibbsCAM, are used in over 40,000 installations worldwide. Headquartered in Tel Aviv, the company has subsidiaries in the United States, Germany, Italy, China, South Korea, India and Brazil, as well as resellers in over 40 countries. The company's major shareholder is DBSI, whose co-managing partner, Yossi Ben-Shalom, chairs the Cimatron board.
The company is listed on the Nasdaq under the symbol CIMT. William Gibbs (Vice Chairman and President North America)Ĭimatron Group is an Israeli software company that produces CAD/ CAM software for manufacturing, toolmaking and CNC programming applications.
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