In an agreement signed earlier this year, Kennametal Inc and Haimer GmbH have agreed to a revolutionary joint technology partnership and development cooperation for modular cutting tool systems. The agreement involves a significant cross-license model and long-term partnership. "This agreement is a perfect fit because it illustrates both Haimer and Kennametal as leaders in high-end innovative technologies for world manufacturing," stated Carlos Cardoso, chairman, president and CEO, Kennametal Inc.

For the very first time at IMTS 2014 (September 8-13, 2014), both companies together introduced the new modular interface Duo-Lock