Seco Tools Overview

  • Year Founded
  • 1934

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 4,000


  • Latest Deal Type
  • Grant

  • Financing Rounds
  • 4

  • Investments
  • 6

Seco Tools General Information


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

Formerly Known As
Fagersta Bruk's cradle
Ownership Status
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Primary Industry
Industrial Supplies and Parts
Other Industries
Other Commercial Products
Parent Company
Primary Office
  • Björnbacksvägen 10
  • 737 82 Fagersta
  • Sweden
+46 0223-400 00

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Seco Tools Valuation & Funding

Deal Type Date Amount Valuation/
Post-Val Status Debt

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Seco Tools Comparisons

HQ Location
Total Raised
Post Valuation
Manufacturer of carbide-cutting tools intended to increase the efficiency of the production process. The company offers
Industrial Supplies and Parts
Fagersta, Sweden
4,000 As of 2021


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Fair Lawn, NJ
0000 As of 0000


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Indianapolis, IN
000000000 000.00
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Seco Tools Competitors (22)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Sandvik Coromant Sverige Corporation Fair Lawn, NJ 0000
00000000 0000 0000 Private Equity-Backed Indianapolis, IN 000.00 000000000 000.00
0000000000 Corporation Pittsburgh, PA 0000 00.00 000000000 00 00.00
000000 (0000000) Corporation Tubingen, Germany 0000 000000&0
0000 0000000 0000 Private Equity-Backed Newton Abbot, United Kingdom 00 000000000000
You’re viewing 5 of 22 competitors. Get the full list »

Seco Tools Patents

Seco Tools Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-4245446-A1 Face milling cutter Pending 15-Mar-2022 00000000 0
EP-4201561-A1 Drill body of an indexable insert drill and indexable insert drill comprising such a drill body Pending 21-Dec-2021 00000000000 0
EP-4197678-A1 Double-sided tangential cutting insert Pending 17-Dec-2021 0000000000 0
EP-4159368-A1 A system and a method for determining contact between a cutting tool and an electrically conductive workpiece Pending 29-Sep-2021 00000000000 0
EP-4155017-A1 Cutting tool with a clamp for securing a cutting insert to a tool body of the cutting tool Pending 27-Sep-2021 B23C5/06 0
To view Seco Tools’s complete patent history, request access »

Seco Tools Executive Team (6)

Name Title Board Seat Contact Info
Stefan Steenstrup Chief Executive Officer & President
Christian Morandini Chief Financial Officer
You’re viewing 2 of 6 executive team members. Get the full list »

Seco Tools Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Seco Tools Investments & Acquisitions (6)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Quimmco Centro Tecnologico (Cutting Tools Division) 01-Jun-2020 0000000000 Industrial Supplies and Parts 0000000 0
OSK Precision Tools Company 10-Apr-2019 0000000000 Industrial Supplies and Parts 0000 0000
Diamond Tool Coating 29-Dec-2010 0000000000 Other Commercial Products
Niagara Cutter 29-Dec-2010 0000000000 Other Commercial Products
Arbat Lider Grupp 21-Dec-2007 Merger/Acquisition Industrial Supplies and Parts 000 0ä00
You’re viewing 5 of 6 investments and acquisitions. Get the full list »

Seco Tools Subsidiaries (4)

Company Name Industry Location Founded
Diamond Tool Coating Other Commercial Products North Tonawanda, NY 2000
Jabro Tools B.V. Other Consumer Durables Lottum, Netherlands 0000
Niagara Cutter Other Commercial Products Troy, MI 0000
Seco Tools (UK) Staff Retirement Benefit Scheme Corporate Pension Alcester, United Kingdom
To view Seco Tools’s complete subsidiaries history, request access »