RBC Bearings acquired Swiss Tool Systems from Cross Equity Partners for $34m.

RBC Bearings, a leading international manufacturer of highly-engineered precision bearings and components for the industrial, defense and aerospace industries, acquired Swiss Tool Systems, a leading world-wide supplier of modular tooling systems and high-precision boring and turning solutions, from Cross Equity Partners for $34m. “Today we are very pleased to announce the acquisition of Swiss Tool Systems. Swiss Tools is a leading world-wide supplier of modular tooling systems and high-precision boring and turning solutions for metal cutting machines. Swiss Tools supplies highly engineered products that are complementary to our collets business in Europe and the US to a customer base that we know well and serve daily. Their manufacturing processes and design expertise align very well with and complement those of RBC Bearings,” said RBC Bearings Chairman, President and Chief Executive Officer, Dr. Michael J. Hartnett. “We are adding a very talented Swiss Tools team who are experts in these products and we are excited to welcome those valued employees to the growing RBC Bearings team.”