SECO TOOLS ACQUIRES COMPANY WITH FOCUS ON AIRCRAFT INDUSTRY

Seco Tools has acquired 100 per cent of the shares in AOB, a French manufacturer of PCD (Poly Crystalline Diamond) cutting tools. 

AOB, based in Mortagne-sur-Sevre near Nantes, France, is one of the leading suppliers of PCD tools to the aerospace, automotive and woodworking industries and has special expertise and experience in machining of composite materials (CFRP). AOB has annual revenue of approximately EUR 4 million and around 50 employees. 

“We are delighted at the opportunity to advance our position in the strategically important aerospace industry. The acquisition will further strengthen the high-tech capability on which our customer relationships are based,” says Kai Wärn, President and CEO of Seco Tools. 

The acquisition is expected to be completed in July. 

Fagersta, 15 July 2010 

SECO TOOLS AB (publ) 

The information contained herein is subject to the disclosure requirements of Seco Tools AB under the Securities Markets Act. This information was submitted for publication on 15 July 2010, 10:00 a.m. CET. 

For additional information contact Kai Wärn, President and CEO, (Tel: +46 223-401 10) or
Patrik Johnson, CFO, (Tel: +46 223-401 20). E-mail can be sent to investor.relations@secotools.com. 

Previously published financial information can be found under “About Seco/Investor Relations” on the Seco Tools website (www.secotools.com). Seco Tools AB’s corporate registration number is 556071-1060 and the company’s address is Seco Tools AB, SE-737 82 Fagersta, Sweden. The telephone number to the Group head office is +46 223-400 00.