Sandvik to Acquire Chuzhou Yongpu Carbide Tools to Expand in Solid Round Tools Market.
MANews-(C)2009-2021
Sweden-based engineering company Sandvik has agreed to acquire 67% of China-based solid round tools company Chuzhou Yongpu Carbide Tools Co., Ltd, to increase market share in solid round tools, the company said.
Terms of the transaction were not disclosed.
Sandvik has a call option to buy the remaining part in three years' time.
Chuzhou Yongpu Carbide Tools Co., Ltd will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and...
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