Sandvik completes acquisition of QCT division

11 June 2020

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.