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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.

Includes new functions for efficient electrical and automation design of industrial equipment

Fast Radius Inc., a cloud manufacturing and digital supply chain company, and ECP Environmental Growth Opportunities Corp. have entered into a definitive agreement that will result in Fast Radius becoming a publicly-listed company.

Advances in software and digital tools

Index Corp. has partnered with Machinery Solutions, Inc. to cover sales in North Carolina, South Carolina and Virginia.

Sandvik AB has agreed with Battery Ventures to acquire U.S.-based Cambrio, which has a portfolio in CAD/CAM software for manufacturing industries.

Absolute Machine Tools has earned the title of Diamond Partner Systems Integrator from Mitsubishi Electric Automation Inc. The partnership is expected to expand opportunities in robotics and automation for 0020both companies.

More than 70 years after the first CNC lathe, toolroom models are as useful as ever.

Felsomat USA will host Innovation Day on June 10 at its U.S. headquarters in Schaumburg.

Machine shops use a variety of techniques to track the condition of their cutting tools, ranging from simple to sophisticated. No matter what monitoring method is used, it can be crucial in preventing catastrophic tool failure. At its best, monitoring also significantly boosts tool life and slashes tooling costs.