STOCKHOLM — Seco Tools has acquired 100 percent of the shares in AOB, a French manufacturer of PCD cutting tools. Seco has a North American office located in Troy, MI.
AOB, based in Mortagne-sur-Sevre near Nantes, France, is one of the leading suppliers of PCD tools to the woodworking, aerospace and automotive industries. AOB has annual revenue of approximately EUR 4 million and around 50 employees.
The acquisition was completed in July.
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