Epiroc AB (Nasdaq Stockholm: EPIA) is buying Stanley Black & Decker’s (NYSE: SWK) attachment tools business for $760 Million.

The target designs, manufactures, and sells attachments, typically used on excavators and handheld hydraulic and battery-powered tools used mainly for the construction and infrastructure sectors. It is known for the LaBounty, Paladin, Pengo and Dubuis brands.

“The sale of Infrastructure demonstrates our commitment to maximizing shareholder value through active portfolio management. Simplification is a core tenet of our strategic transformation, and this transaction will help further sharpen our focus on value creation opportunities in our core businesses while supporting our capital allocation priorities,” say Stanley Black CEO Donald Allan Jr.

The company is going to use the sale proceeds to pay down debt.