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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.

Verusen Appoints CEO

Verusen, the AI-powered supply chain materials intelligence leader, announced that Scott Matthews, former CEO of MRP and CrowdTwist, is joining Verusen as chief executive officer and board director.