Seco Tools, a division of Sandvik Machining Solutions, agreed to acquire Kunshan Ousike Precision Tools (OSK), a Chinese supplier of solid carbide round tools. The deal is expected to close in the first half of 2019.
Seco Tools, a division of Sandvik Machining Solutions, has agreed to acquire Kunshan Ousike Precision Tools Co., Ltd (OSK), a Chinese supplier of solid carbide round tools. The transaction is expected to close in the first half of 2019.
Seco Tools (Shanghai), Shaanxi Aobang Forging and Shenyang Machine Tool signed a strategic cooperation framework agreement to jointly establish a smart manufacturing company. The project involves a total investment of 250 million yuan, with 139 i5 smart machine tools, and Seco Tools will provide processing solutions.