Seco Tools AB has acquired the cutting tools division of QCT
Seco Tools AB has acquired the cutting tools division of Quimmco Centro Tecnológico S.A. de C.V. (QCT).
Seco Tools, a subsidiary within the Sandvik Machining Solutions business area, is one of the world’s largest providers of comprehensive metal cutting solutions for milling, stationary tools, hole making and tooling systems. With a history dating back more than 80 years, Seco Tools develops and supplies the technologies, processes and support that manufacturers depend on to maximize productivity and profitability. Headquartered in Fagersta, Sweden, Seco Tools is present in more than 75 countries and employs over 4,000 people.
QCT is a privately-owned Mexican company offering integral machining solutions, servicing world-class customers in Mexico and abroad, who demand high standards of quality, competitiveness and innovation. It has ten facilities strategically located to serve the NAFTA market. Its cutting tools division is engaged in designing and manufacturing custom-made cutting tools, as well as offering reconditioning capabilities. The company serves customers in a wide range of industries, including aerospace, automotive, energy and transportation.
Oaklins’ team in Sweden advised the buyer in this transaction. This was the fourth acquisition closed with the Swedish industrial group Sandvik. Oaklins’ team in Mexico introduced the seller and helped throughout the process.
Talk to the deal team
Related deals
SIT S.p.a. has acquired Janz CGF S.A.
SIT S.p.A. has completed the acquisition of 100% of Janz-Contagem e Gestão de Fluídos S.A. (Janz), a consolidated Portuguese player specialized in manufacturing residential water meters. The price, excluding cash and debt, amounts to US$34.3 million. An earn-out of up to US$1 million is also stipulated on the basis of achieving certain targets in 2021.
Learn moreContiweb has sold its Thallo web-offset packaging business to manroland Goss.
The shareholders of Contiweb have sold its Thallo web-offset packaging business, including all intellectual property rights, to manroland Goss web systems GmbH. The acquisition allows manroland Goss to expand its product portfolio.
Learn moreOré Peinture has been acquired by Geveko Markings, the European leader in the road marking sector
Oré Peinture has been acquired by Geveko Markings AB. This is the biggest acquisition in Geveko Markings’ almost 100-year history and customers of the combined entity will benefit from an enhanced solutions offering and a broader product range.
Learn more