On June 1, 2021, GWS Tool Group completed its previously announced acquisition of Indexable Cutting Tools Limited ("Indexable"). This is the third acquisition in 2021 for GWS Tool Group, and its first international acquisition.
GWS Tool Group is a US-based, vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive and medical sectors.
Located in Welland, Ontario and Edmonton, Alberta, Indexable is a technology leader in the manufacturing and distribution of ceramic, PCD and CBN inserts. For more than 50 years, its mastery of insert production and precision cutting technology has provided manufacturers around the world with an edge in operational efficiency.
Gowling WLG advised Indexable in this transaction with a team that included Nurhan Aycan and Marcus Hinkley (corporate/M&A) and John Peters (employment), assisted by student-at-law Quinn Clement-Schlimm.