ANCA Group (Wixom, Michigan), a supplier of CNC systems and grinding machines, has announced that it will take a 25-percent equity share in waterjet manufacturer Techni Waterjet (Lenexa, Kansas) during the next two years with options to develop a closer partnership in the future. According to both companies, the partnership is an obvious one given their long-standing relationship, which included the joint development of the core software for Techni’s Quantum electric servo pump (ESP) and PAC-60 bevel cutting head.
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ANCA Group (Wixom, Michigan), a supplier of CNC systems and grinding machines, has announced that it will take a 25-percent equity share in waterjet manufacturer Techni Waterjet (Lenexa, Kansas) during the next two years with options to develop a closer partnership in the future.
According to both companies, the partnership is an obvious one given their long-standing relationship, which included the joint development of the core software for Techni’s Quantum electric servo pump (ESP) and PAC-60 bevel cutting head. Darren Reukers, managing director of Techni, says the alliance will help his company increase production to meet growing demand; strengthen and protect its intellectual property portfolio; and enhance its presence and support in the U.S. and Europe while also providing capacity to enter new and emerging markets in the Americas and Asia; among other benefits.
For its part, ANCA sees its investment in Techni as a “key strategic decision” that will “strengthen and broaden” its market, says Grant Anderson, CEO.
