Software tool : 7-Zip
License : Open Source 
Site : https://www.7-zip.org/

Free software with high compression ratio. Supported formats: Packing / unpacking: 7z, XZ, BZIP2, GZIP, TAR, ZIP and WIM. Unpacking only: AR, ARJ, CAB, CHM, CPIO, CramFS, DMG, EXT, FAT, GPT, HFS, IHEX, ISO, LZH, LZMA, MBR, MSI, NSIS, NTFS, QCOW2, RAR, RPM, SquashFS, UDF, UEFI, VDI, VHD, VMDK, WIM, XAR and Z.

(link sends you to author site)