A machine tool system (30) includes a tool (32) for cold forming a workpiece over an operating cycle and a sensor device (40) which senses each operating cycle of the tool (32). Identification data for the tool (32) and operating data for the tool (32) are stored on an electronic device (34) fixedly mounted to the tool (32). At least one interface device (46) provides communication between the electronic device (34) and the sensor device (40).