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Siemens Opens Tech Hub

Siemens is announcing the opening of its new Charlotte Advanced Technology Collaboration Hub (CATCH) which will be located in Charlotte, N.C.

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.