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"Demand continued to improve successively in virtually all of Seco Tools' markets during the quarter. As earlier, the most significant growth is taking place in South America and the emerging markets of Asia, together with the U.S.," said Kai Wärn, President and CEO.
Also recently, Seco Tools has expanded its position in the aircraft industry through the acquisition of French cutting tools company AOB, with annual revenue of about €4 million.