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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.

Five-Axis Industries Drives Quality With Inspection

To raise the bar on the status quo in unlimited hydroplanes, Ellstrom Racing started Five-Axis Industries, which in the beginning was essentially a hobby shop specializing in five-axis machining to make difficult-to-manufacture parts from hard metals, including titanium and stainless alloys.

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.