About Seco
Seco is a company based in Fagersta (Sweden) founded in 1936. The company has 592 employees as of April 08, 2024. Seco has completed 6 acquisitions, including Diamond Tool Coating, FANAR and Niagara Cutter. Seco offers products and services including Carbide Inserts and Tooling Systems.
- Headquarter Fagersta, Sweden
- Employees 592 as on 08 Apr, 2024
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Sectors
Industrial Goods & Manufacturing
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Seco Tools India Private Limited
- Date of Incorporation 27 May, 1996
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$60.84 M (USD)6.93as on Mar 31, 2023
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Net Profit
$3.18 M (USD)12.09as on Mar 31, 2023
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EBITDA
$8.96 M (USD)7.28as on Mar 31, 2023
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Latest Funding Round
$217.03 K (USD), Grant
Jul 01, 2018
- Investors
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Employee Count
592
as on Apr 08, 2024
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Investments & Acquisitions
Diamond Tool Coating
& 5 more
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Products & Services of Seco
Seco offers a comprehensive portfolio of products and services, including Carbide Inserts and Tooling Systems.
Carbide inserts for milling and holemaking are supplied by Seco Tools to facilitate various industrial applications.
Tooling systems for high-feed milling and hydraulic chucks are provided by Seco Tools to enhance manufacturing efficiency.
People of Seco
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Product Management Team
53 people
Software Development Team
50 people
Sales and Marketing
21 people
Leadership Team
17 people
Human Resources and Administration
15 people
Finance and Accounting
6 people
Application Team
6 people
Global Team
5 people
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Funding Insights of Seco
Investors in Seco
Seco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Locked | Locked | Locked |
Investor details for Seco
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Investments & Acquisitions by Seco
Seco has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Diamond Tool Coating, FANAR and Niagara Cutter.
Investment portfolio details for Seco
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Manufacturer & supplier of carbide drill, reamer, milling cutter, and other cutting tools
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Locked | Locked | 2006 | Locked | |
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Diamond coated cutting tools are manufactured for industrial applications.
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Locked | Locked | 2000 | Locked | |
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Premier Machine Tools is engaged in supplying CNC machine tools and carbide cutting tools in Ireland.
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Locked | Locked | 2000 | Locked |
Complete acquisition details for Seco
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - Seco
Detailed financials for Seco
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Seco Comparisons
Peer comparison for Seco
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Competitors of Seco
Detailed competitors of Seco
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Latest news on Seco
Complete news archive for Seco
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Frequently Asked Questions about Seco
Seco was founded in 1936 and raised its 1st funding round 80 years after it was founded.
Seco is headquartered in Fagersta, Sweden.
Fredrik Vejgarde is the current CEO of Seco.
As of Apr 08, 2024, the latest employee count at Seco is 592.
Annual revenue of Seco is $60.84M as on Mar 31, 2023.
Seco was founded in 1936 in Fagersta, Sweden, and operates in the manufacturing sector focused on metalworking tools. Solutions for milling, holemaking, and integrated tooling systems are developed and supplied globally through the domain secotools.com. Leadership is provided by owner T Jayaraman and CEO Fredrik Vejgarde, with operations centered on precision engineering for industrial applications.
Seco offers Carbide Inserts and Tooling Systems.
Seco has made 6 acquisitions, including Diamond Tool Coating, FANAR, and Niagara Cutter.
Seco has 1 investor. Key investors include European Union.