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Swedish manufacturer Sandvik, Stockholm, Sweden, said that its Seco Tools division will acquire China-based Kunshan Ousike Precision Tools Co., Ltd (OSK), a supplier of solid carbide round tools. Terms of the deal were not disclosed.
The acquisition will strengthen the company’s position and product offering in the fast-growing Chinese electronics industry, Sandvik said.
The deal is expected to close in the first half of 2019.