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Heavyweight official announcement! Kelite officially introduces WALTER as a strategic investment partner!

By Li Chenyu / hcfire360 December 2022

On October 23, 2022, the agreement for Walther's investment in Kelite was signed. WALTER, a division of Sandvik Manufacturing and Machining Solutions, will hold a 12.44 percent stake in Kelite through a Chinese investment company. The two parties are positive about future cooperation and have developed options for the remaining shares in Kelite.

WALTER, headquartered in Germany, is one of the world's leading manufacturers of precision tools for metalworking. The company is part of the Sandvik Group, an engineering group founded in 1862 in Sweden, engaged in mining and rock excavation, rock machining and metal cutting, offering products and solutions based on innovation, digitalization and sustainable engineering.

By the end of 2021, the Sandvik Group had approximately 39,000 employees, a sales network in 150 countries and revenues from continuing operations of approximately SEK 86 billion. WALTER has approximately 3,800 employees and customers in more than 80 countries worldwide.

As one of the most influential companies and high-end brands in the field of precision cutting tools in China, Kelite has always positioned itself as a precision manufacturing and high-end tool brand, with business scope covering whole hard tools, CNC inserts, super hard tools, tool resharpening services, coating services, medical tools, etc., and providing total solutions for metal cutting. In the next decade, China's high-end manufacturing industry will usher in golden growth and become an important pillar industry of the national economy.

Kelite Group will continue to take the mid-to-high-end route, create niche specialty categories, improve the full category coverage of cutting tools, and increase distribution and overseas channel construction.



Kelite and WALTER will cooperate for some operational businesses to further enhance Kelite's product offerings in the local high-end market. As a national specialized enterprise in the tool industry, Kelite will vigorously develop high performance carbide inserts and other products. Kelite will help customers to reduce costs and improve the efficiency of metal cutting, thus increasing the competitiveness of their products.

Walther's strategic investment in Kelite will support Kelite to develop into a world-class tooling company in the future!