Seco Tools AB has acquired the cutting tools division of Quimmco Centro Tecnológico S.A. de C.V. (QCT).
Seco Tools, a subsidiary within the Sandvik Machining Solutions business area, is one of the world’s largest providers of comprehensive metal cutting solutions for milling, stationary tools, hole making, and tooling systems. With a history dating back more than 80 years, Seco Tools develops and supplies the technologies, processes, and support that manufacturers depend on to maximize productivity and profitability. Headquartered in Fagersta, Sweden, Seco Tools is present in more than 75 countries and employs more than 4,000 people.
QCT is a privately-owned Mexican company offering integral machining solutions to world-class customers in Mexico and abroad, who demand high standards of quality, competitiveness, and innovation. The company has ten facilities that are strategically located to serve the NAFTA market. Its cutting tools division is engaged in designing and manufacturing custom-made cutting tools, as well as offering reconditioning capabilities. The company serves customers in a wide range of industries, including aerospace, automotive, energy, and transportation.
The ZIMMA team introduced QCT to Seco Tools and coordinated the acquisition process with its Swedish counterpart, which was being advised by the Oaklins team in Sweden.