Hi Sigurd,
I looked for a kydex shealth for my Leatherman Wave several years ago, and was led to another site. The maker produced handmade leather sheaths for Leatherman, Gerber, Buck and Victorinox multitools. The sheaths could hold the tool alone or couls be constructed to hold a Mini Maglight as well. These sheaths were designed to be worn on a belt, but he had one that could be clipped onto your pants, belt, etc. as well. I ordered on, and it fit my Wavw like a glove, literally. I had some difficulty initially removing the tool from thr sheath, but after breaking the sheath in, it works like a charm!
The makeer of these products is Richard Dix and his web site is
www.dixleatherworks.com. I have tried recently to contact him by e-mail with no success.
There is a contact phone number on the web site but I haven't treid to call him yet because of lack of time.
When I ordered my Wave sheath, he was very personable, product was above exceptional and customer service was excellent.
Sorry for the length of this message, but I hope the information helps.
Neil