# RBC Bearings acquires Swiss Tool Systems for $33.9M

RBC Bearings Incorporated acquired Swiss Tool Systems AG, a provider of modular tooling systems and high-precision boring and turning solutions, for approximately $33.9 million (CHF 33.0 million). Swiss Tools has about 50 employees and annual sales of approximately CHF 11.0 million.

- Type: Acquisition
- Announced: 2019-08-15
- Where: Bürglen, Thurgau, Switzerland, Switzerland
- Value: $33.9M
- Status: completed
- Products: modular tooling systems, high-precision boring and turning solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [RBC Bearings](https://endata.com/companies/13109.md) (acquirer)
- [Swiss Tool Systems](https://endata.com/companies/41387.md) (target)

## Sources

- [privateequityinternational.com](https://www.privateequityinternational.com/rbc-bearings-acquires-swiss-tools-for-33-9-mln/), 2019-08-15: "Swiss Tools supplies highly engineered products that are complementary to our collets business in Europe and the U.S. to a customer base that we know well and serve daily."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.