TECHNI Waterjet’s reputation as technology leader in the waterjet cutting industry has received a major boost with the signing of ANCA Group as its new equity partner.
Darren Reukers, managing director, TECHNI Waterjet says that “ANCA will take a 25% share in TECHNI over the next two years with options to develop a closer partnership in the future.
“The strategic alliance builds on TECHNI’s ability to provide leading edge technology as well as the capital to significantly increase production in order to meet rapidly growing demand for our products,” Reukers states. “The choice of partner was an obvious one given the long standing relationship and synergies that already exist between the two companies.”
“The backing of the ANCA group as a global machine tool manufacturer will also help to grow the business, enhance the wider recognition of our products and strengthen and protect our unique Intellectual Property (IP) portfolio,” Reukers says.
The partnership enhances TECHNI’s presence and support services in the key markets of the USA and Europe, while providing opportunity and capacity to enter new and emerging markets in the Americas and Asia.
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 company with sales, service, and applications resources located around the world and manufacturing plants in three countries.
“We see our 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,” says Grant Anderson, CEO of the ANCA Group.
“We have worked together in developing the core software for both the Quantum ESP, and the PAC-60 Bevel Cutting Head,” Reukers says. “This means that we already understand the technology and each other, and shows that we can work together successfully to deliver better outcomes for our customers.”
Co-founded by Reukers and Glenn Langdon, TECHNI began manufacturing water-jet systems in the early 1990s, and has released new and innovative products continually. Industry firsts include; Break Away Head, Tech-Sense Abrasive Monitoring System, Linear Encoder Feedback, PAC-60 Bevel Cutting Head, Ezy-Load Glass Lifters, Non-contact Garnet Pump and Hopper, Mobile Phone Communications System, Automatic Kerf Compensation, and the Quantum ESP.
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