Kyocera Corporation announced that it has completed a share purchase agreement regarding the U.S.-based solid tool manufacturing and sales company, SGS Tool Company and its group companies (herein "SGS Tool"). Effective May 2, Kyocera will acquire 100% ownership of SGS Tool, and will rename the company as Kyocera SGS Precision Tools, Inc. By incorporating SGS Tool, Kyocera plans to increase sales of cutting tool business in North America by 2.5 times by fiscal year ending March 31, 2019.

Currently, Kyocera is expanding its cutting tool business globally with its main lineup of indexable cutting tool products; while SGS Tool is a solid tool manufacturing and sales company developing its business mainly in the U.S. and U.K. which possesses strength in products for the automotive, aerospace, energy and medical industries.

By incorporating SGS Tool into the Kyocera Group, Kyocera will create a business structure capable of providing total solutions and strengthen its business globally as a valuable comprehensive cutting tool manufacturer.