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Regulatory press release

Sandvik completes the acquisition of QCT's division for cutting tools

Sandvik
Read the release

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.

 

Stockholm, 1 June 2020
 

Sandvik AB

For further information, contact Anna Vilogorac, Investor Relations, phone: +46 70 616 5019 or Martin Blomgren, Press and Media Relations Manager, phone: +46 70 577 0549.

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