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Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.

FANUC America Expands Michigan Campus

FANUC America, a leading supplier of CNCs, robotics and ROBOMACHINEs, announced a West Campus expansion that will push its operational space in Oakland County, Michigan to nearly two million square feet.