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  • Sandvik
    World Trade Center, Kungsbron 1 (section G, 6th floor), 111 22 Stockholm, Sweden
    +46 8 456 11 00
    http://home.sandvik
  • Johannes Hellström

    Press and Media Relations Manager


    +46707211008
  • Edvard Bergström

    Vice President Corporate Communication Relations and Production


    World Trade Center, Kungsbron 1 (section G, 6th floor), 111 22 Stockholm, Sweden
    +46 (0) 70 993 83 11
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    Sandvik completes the acquisition of QCT’s division for cutting tools

    Sandvik has completed the previously announced acquisition of the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a privately owned Mexican company offering integral machining solutions. In 2019, QCT’s cutting tools division generated revenues of about 90 million SEK with 130 employees. The deal has a limited impact on earnings per share from the start. QCT’s cutting tool division will be part of Seco Tools, a division within Sandvik Machining Solutions.   Stockholm, 1 June 2020  Sandvik AB For further information, contact Anna Vilogorac, Investor Relations,

    Sandvik acquires QCT’s division for cutting tools

    Seco Tools, a division of Sandvik Machining Solutions, has reached an agreement to acquire the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a privately owned Mexican company offering integral machining solutions. “I am pleased that we continue to pursue the pronounced ambition to grow the solid carbide tools business. This acquisition fits very well with our long-term growth strategy and I would like to welcome QCT’s division to the family of Sandvik Machining Solutions”, says Lars Bergström, President of Sandvik Machining Solutions. With more than 20 years’ experience

    Sandvik acquires Chinese OSK

    Seco Tools, a division within Sandvik Machining Solutions, has reached an agreement to acquire the Chinese company Kunshan Ousike Precision Tools Co., Ltd (OSK), a leading supplier of solid carbide round tools. The acquisition will particularly strengthen the position and product offering to the fast growing Chinese electronics industry. “The acquisition is aligned with Sandvik Machining Solutions’ focus on growing the round tools business. We are already today well positioned in China but OSK will bring us even closer to customers”, says Klas Forsström, President of Sandvik Machining

    Sandvik holds approximately 99.4% of the shares and 99.8% of the votes in Seco Tools following the expiry of the final acceptance period

    This press release may not be published or distributed, directly or indirectly, to or within jurisdictions where the publication or the distribution would not comply with laws and regulations in such jurisdictions, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions where the announcement of the Offer or approval of acceptances of the Offer would require further documentation, filings or other measures in addition to those required by Swedish

    Change of number of shares and votes in Sandvik AB

    As a result of the share issue in kind recently implemented by Sandvik AB in connection with the takeover offer to the shareholders of Seco Tools AB, the number of shares and votes in the company has increased by 66,889,974. As per 31 January 2012, the total number of shares and votes in the company consequently amounts to 1,253,177,149. As per the same date, the company’s share capital amounts to SEK 1,503,812,578.80. This increase in shares and votes in Sandvik does not include the shares that may be issued as consideration to those Seco Tools shareholders who have accepted the

    Sandvik holds approximately 98.7% of the shares and 99.6% of the votes in Seco Tools and extends the acceptance period

    This press release may not be published or distributed, directly or indirectly, to or within jurisdictions where the publication or the distribution would not comply with laws and regulations in such jurisdictions, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions where the announcement of the Offer or approval of acceptances of the Offer would require further documentation, filings or other measures in addition to those required by Swedish

    Sandvik publishes offer document

    This press release may not be published or distributed, directly or indirectly, to or within jurisdictions where the publication or the distribution would not comply with laws and regulations in such jurisdictions, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions where the announcement of the Offer or approval of acceptances of the Offer would require further documentation, filings or other measures in addition to those required by Swedish

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