# Sandvik's Seco Tools acquires QCT's cutting tools division

Seco Tools, a division of Sandvik Machining Solutions, agreed to acquire the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a Mexican company. The deal is expected to close no later than Q2 2020.

- Type: Acquisition
- Announced: 2019-12-01
- Where: Mexico, Mexico
- Jobs: 130
- Status: announced
- Products: custom made cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Seco Tools](https://endata.com/companies/17312.md) (acquirer)
- [QUIMMCO CENTRO TECNOLÓGICO](https://endata.com/companies/43626.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2019/12/sandvik-acquires-qcts-division-for-cutting-tools/), 2019-12-01: "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"
- [news.cision.com](https://news.cision.com/sandvik/r/sandvik-acquires-qct-s-division-for-cutting-tools,c2996670), 2019-12-20: "I am pleased that we continue to pursue the pronounced ambition to grow the solid carbide tools business."
- [metal-powder.tech](https://www.metal-powder.tech/sandvik-machining-solutions-to-acquire-qcts-cutting-tools-division/), 2020-01-06: "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."

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