Seco Tools AB has acquired the cutting tools division of QCT
Seco Tools AB has acquired the cutting tools division of Quimmco Centro Tecnológico S.A. de C.V. (QCT).
Seco Tools, a subsidiary within the Sandvik Machining Solutions business area, is one of the world’s largest providers of comprehensive metal cutting solutions for milling, stationary tools, hole making and tooling systems. With a history dating back more than 80 years, Seco Tools develops and supplies the technologies, processes and support that manufacturers depend on to maximize productivity and profitability. Headquartered in Fagersta, Sweden, Seco Tools is present in more than 75 countries and employs over 4,000 people.
QCT is a privately-owned Mexican company offering integral machining solutions, servicing world-class customers in Mexico and abroad, who demand high standards of quality, competitiveness and innovation. It has ten facilities strategically located to serve the NAFTA market. Its cutting tools division is engaged in designing and manufacturing custom-made cutting tools, as well as offering reconditioning capabilities. The company serves customers in a wide range of industries, including aerospace, automotive, energy and transportation.
Oaklins’ team in Sweden advised the buyer in this transaction. This was the fourth acquisition closed with the Swedish industrial group Sandvik. Oaklins’ team in Mexico introduced the seller and helped throughout the process.
![](/api/deal-hero-image/106279/deal-hero-image.jpg)
![](/api/deal-party-images/106279/deal-parties.png)
Talk to the deal team
Related deals
Royal Reesink has sold Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have completed the sale of Motrac Industries, a specialist in hydraulic and electrical engineering.
Learn moreStageline Mobile Stage Inc., the North American leader in mobile staging, has been acquired by BDG & Partners
The shareholders of Stageline Mobile Stage Inc. (Stageline), the Canada-based pioneer in mobile staging technology, have sold the company to private equity funds BDG & Partners and the Fonds de solidarité FTQ.
Learn morePackaging With Robots Ltd. (PWR) announces a strategic alliance with Coesia S.p.A.
Packaging With Robots Ltd. (PWR) announces a strategic alliance with Coesia S.p.A.
Learn more