Sandvik to acquire 67% of Chuzhou Yongpu Carbide Tools

Sandvik has signed an agreement to acquire 67% of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based premium solid round tools company, with a call option to buy the remaining part in three years.

“The acquisition of Chuzhou Yongpu Carbide Tools Co., Ltd is part of our strategy for our machining solutions business to increase our market share and take a leading position in solid round tools”home.sandvik

• 3 sources
• home.sandvikSandvik to acquire premium solid round tools company Chuzhou Yongpu Carbide Tools Co., LtdJul 28, 2021
• plantandequipment.newsSandvik To Acquire Chuzhou Yongpu Carbide Tools - Plant & Equipment NewsP&amp, E StaffAug 3, 2021
• engineering.comCAM in the PLM Market: Why Sandvik Bought the World's Largest CAM Software - Engineering.comVerdi OgewellAug 30, 2021

Summarized from public sources; check the original articles before acting on it.