Hypertherm acquires maker of nesting software
March 1, 2009
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Hypertherm has purchased the core assets of MTC
Software, a developer of computer-aided manufacturing software used by the
sheet and plate processing industry.
Terms were not disclosed.
MTC’s software product helps companies in the metal cutting industry optimize their cuts so that cut quality and productivity are improved while producing less scrap, said Hypertherm representatives. The CAM software is used in conjunction with CNC systems for oxy-fuel, plasma, water-jet, laser and other cutting processes.
“Hypertherm’s plasma cutting systems already provide industry-leading performance, reliability and productivity,” said Hypertherm founder and President Dick Couch. “The marriage of MTC’s software with our CNC motion control products will continue to provide Hypertherm and MTC customers with repeatable, optimized cutting outcomes and easy integration.”
“Both Hypertherm and MTC share the same goal of making products that will help our customers to become more productive and profitable,” said MTC CEO John Rosenberg. “And while this has always been an MTC goal, it is even more critical in the current economic environment.”
Hypertherm does not plan any significant changes to MTC’s operations. MTC headquarters will remain in Lockport, N.Y., and its 40 associates will continue to work at their current locations. MTC has offices and distribution partners throughout the world.
Terms were not disclosed.
MTC’s software product helps companies in the metal cutting industry optimize their cuts so that cut quality and productivity are improved while producing less scrap, said Hypertherm representatives. The CAM software is used in conjunction with CNC systems for oxy-fuel, plasma, water-jet, laser and other cutting processes.
“Hypertherm’s plasma cutting systems already provide industry-leading performance, reliability and productivity,” said Hypertherm founder and President Dick Couch. “The marriage of MTC’s software with our CNC motion control products will continue to provide Hypertherm and MTC customers with repeatable, optimized cutting outcomes and easy integration.”
“Both Hypertherm and MTC share the same goal of making products that will help our customers to become more productive and profitable,” said MTC CEO John Rosenberg. “And while this has always been an MTC goal, it is even more critical in the current economic environment.”
Hypertherm does not plan any significant changes to MTC’s operations. MTC headquarters will remain in Lockport, N.Y., and its 40 associates will continue to work at their current locations. MTC has offices and distribution partners throughout the world.
