TECHNI Waterjets reputation as Technology Leader in the Waterjet Cutting industry has been strengthened with the ANCA Group electing to take up an option to increase their stake in TECHNI.
Darren Reukers, Managing Director of TECHNI Waterjet said that the strategic alliance builds on TECHNIs ability to provide leading edge technology as well as the capital to continue to increase production in order to meet rapidly growing demand for products like the new Quantum NXT ESP electric servo pump, Mr Reukers said.
The backing of a leading global machine tool manufacturer such as the ANCA Group, will help to grow the business, enhance the wider recognition of our products and strengthen and protect our unique Intellectual Property IP portfolio, said Mr Reukers.
ANCA is a world leader in developing CNC technology, and is one of the largest and most respected CNC grinding machine manufacturers. Established in 1974, the ANCA Group is a global organization which employs more than 800 people and has consolidated annual sales approaching $200Million.
We see our growing investment in TECHNI Waterjet and their technology as a key strategic decision which will strengthen and broaden our market, and an extension of an already mutually beneficial relationship – said Grant Anderson, CEO of the ANCA Group, and Chairman of TECHNI Waterjet.
Click here for the official Press Release: