Seco Tools Overview

  • Year Founded
  • 1934

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 5,563

Employees

  • Latest Deal Type
  • Grant

  • Financing Rounds
  • 4

  • Investments
  • 6

Seco Tools General Information

Description

Manufacturer of carbide-cutting tools intended to increase the efficiency of the production process. The company offers milling products, thread milling equipment and multi-directional turning products and provides drilling and reaming products, tooling systems and composite machining services, thereby helping customers to get sustainable profit by reducing costs.

Contact Information

Website
www.secotools.com
Formerly Known As
Fagersta Bruk's cradle
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Corporate Office
  • Björnbacksvägen 10
  • 737 82 Fagersta
  • Sweden
+46 0223-400
Primary Industry
Industrial Supplies and Parts
Other Industries
Other Commercial Products
Parent Company
Sandvik
Vertical(s)
Manufacturing, Industrials
Corporate Office
  • Björnbacksvägen 10
  • 737 82 Fagersta
  • Sweden
+46 0223-400

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Seco Tools Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Seco Tools Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of carbide-cutting tools intended to increase the efficiency of the production process. The company offers
Industrial Supplies and Parts
Fagersta, Sweden
5,563 As of 2011

Dover, OH
 

Fair Lawn, NJ
 
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Seco Tools Competitors (25)

One of Seco Tools’s 25 competitors is Allied Machine & Engineering, a Corporation company based in Dover, OH.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Allied Machine & Engineering Corporation Dover, OH
Sandvik Coromant Sverige Corporation Fair Lawn, NJ
KYOCERA Precision Tools Private Equity-Backed Hendersonville, NC
Walter (Industrial Supplies and Parts) Corporate Backed or Acquired Tubingen, Germany
Parker-Hannifin Corporation Cleveland, OH
You’re viewing 5 of 25 competitors. Get the full list »

Seco Tools Patents

  • 1,795

    Total Documents Applications and Grants

  • Total Patents Families

  • 909

    Granted

  • 111

    Pending

  • Expiring in next 12 mo

Seco Tools Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-4480610-A1 A metal cutting tool comprising a coolant channel Pending 22-Jun-2023
EP-4470696-A1 Cutting insert for use in face milling and face milling cutter comprising such a cutting insert Pending 02-Jun-2023
EP-4454791-A1 A toolholder and a cutting tool comprising such a toolholder Pending 27-Apr-2023
EP-4438209-A1 Double-sided cutting insert and helical milling cutter Pending 28-Mar-2023
EP-4389331-A1 Milling tool body and a milling tool Pending 21-Dec-2022 B23C5/28
To view Seco Tools’s complete patent history, request access »

Seco Tools Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Seco Tools Investments & Acquisitions (6)

Seco Tools’s most recent deal was a Merger/Acquisition with Quimmco Centro Tecnologico (Cutting Tools Division). The deal was made on 01-Jun-2020.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Quimmco Centro Tecnologico (Cutting Tools Division) 01-Jun-2020 Merger/Acquisition Industrial Supplies and Parts
OSK Precision Tools Company 10-Apr-2019 Merger/Acquisition Industrial Supplies and Parts
Diamond Tool Coating 29-Dec-2010 Merger/Acquisition Other Commercial Products
Niagara Cutter 29-Dec-2010 Merger/Acquisition Other Commercial Products
Arbat Lider Grupp 21-Dec-2007 Merger/Acquisition Industrial Supplies and Parts
You’re viewing 5 of 6 investments and acquisitions. Get the full list »

Affiliates

Subsidiaries (3)

Name Industry Location Year Founded
Diamond Tool Coating North Tonawanda, NY 2000
Niagara Cutter Troy, MI 1954
Seco Tools (UK) Staff Retirement Benefit Scheme Alcester, United Kingdom

Seco Tools FAQs

  • When was Seco Tools founded?

    Seco Tools was founded in 1934.

  • Where is Seco Tools headquartered?

    Seco Tools is headquartered in Fagersta, Sweden.

  • What is the size of Seco Tools?

    Seco Tools has 5,563 total employees.

  • What industry is Seco Tools in?

    Seco Tools’s primary industry is Industrial Supplies and Parts.

  • Is Seco Tools a private or public company?

    Seco Tools is a Private company.

  • What is Seco Tools’s current revenue?

    The current revenue for Seco Tools is .

  • Who are Seco Tools’s competitors?

    Allied Machine & Engineering, Sandvik Coromant Sverige, KYOCERA Precision Tools, Walter (Industrial Supplies and Parts), and Parker-Hannifin are some of the 25 competitors of Seco Tools.

  • When was Seco Tools acquired?

    Seco Tools was acquired on 01-May-2021.

  • Who acquired Seco Tools?

    Seco Tools was acquired by Sandvik.

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