Sandvik completes acquisition of QCT division

Sandvik has completed the previously announced acquisition of the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a privately owned Mexican company offering integral machining solutions. 

In 2019, QCT’s cutting tools division generated revenues of about 90 million SEK with 130 employees. The deal has a limited impact on earnings per share from the start. 

QCT’s cutting tool division will be part of Seco Tools, a division within Sandvik Machining Solutions.
Courtesy of Sandvik. 
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