# 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.

- Type: Acquisition
- Announced: 2021-07-28
- Where: Chuzhou, China, China
- Status: announced
- Products: solid round tools, cutting tools, carbide tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Chuzhou Yongpu Carbide Tools Co., Ltd](https://endata.com/companies/56728.md) (target)
- [CNC Software](https://endata.com/companies/57387.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2021/07/sandvik-to-acquire-premium-solid-round-tools-company-chuzhou-yongpu-carbide-tools-co.-ltd), 2021-07-28: "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"
- [plantandequipment.news](https://www.plantandequipment.news/news/global/sandvik-to-acquire-chuzhou-yongpu-carbide-tools/), 2021-08-03: "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’ time."
- [engineering.com](https://www.engineering.com/cam-in-the-plm-market-why-sandvik-bought-the-worlds-largest-cam-software/), 2021-08-30: "This acquisition is in line with our strategic focus on growing in the digital manufacturing space, with special attention to industrial software close to component manufacturing."

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