Patent ID: 8336182

Claim:
A device for holding a bit for a tool, where the bit is to be disassembled and/or re-assembled when held thereby, wherein the device comprises: a housing to be secured to a stationary base; and a clamping mechanism adapted to releasably clamp the bit to the housing so that it may be disassembled and/or re-assembled, the clamping mechanism comprising: a recess provided in the housing; a movable gripping element is rotatably arranged in the recess of the housing and having a first gripping area for engaging a bit part; a stationary gripping element, the gripping element having a second gripping area for engaging the bit part; wherein the movable gripping element is configured to be moved between an open position wherein the first and second gripping areas of the movable gripping element and the stationary gripping element are spaced to allow to receive or to remove the bit part, and a clamping position wherein the first and second gripping areas are spaced to clamp the bit part therebetween.