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Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.

Allied Donates Boring Tools to Submarine Restoration

Allied Machine and Engineering, a leading manufacturer of holemaking and finishing cutting tools for the metal-cutting industry, recently donated various boring bars and inserts to be used with a 1954 Wohlhaupter boring head on the USS Pampanito restoration project.

Canada’s ICAM to be acquired by Sandvik Coromant

Sandvik has signed an agreement to acquire Canada-based ICAM Technologies Corporation, a provider of innovative solutions that translate CAM data into optimized coding for guiding CNC machining operations.