Quick Take
RBC Bearings (ROLL) announced it has acquired Swiss Tool Systems for $33.9 million.
Swiss Tool Systems supplies modular tooling systems and high-precision metal boring and turning solutions.
With the deal for Swiss Tool, ROLL is executing on an M&A strategy to acquire ‘tuck-in’ opportunities to build out its offerings.
Target Company
Bürglen, Switzerland-based Swiss Tool Systems was founded in 1972 to develop and commercialize modular tooling systems and high-precision boring and turning solutions for metal cutting machines.
Management is headed by CEO Daniel Martin, who has been with the firm