hp tooling 2020 #1

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companies
Partnership creates large independent global
producer of cemented carbide tool blanks
Hyperion Materials & Technologies, a global leader
in developing hard and super-hard materials for a
wide range of demanding applications, completed
January 1 st the acquisition of AFC Hartmetall, a
premium cemented carbide tool blank manufacturer,
marking the close of the highly complementary
agreement announced in September.
“Bringing AFC into the Hyperion group creates an extensive
product portfolio and expands our manufacturing
capabilities, boosting our already robust offering and further
positioning us as the first choice for toolmakers in
need of high-precision, high-performance solutions for
drilling and milling applications,” said Ron Voigt, CEO of
Hyperion. “AFC has an extremely talented workforce and a
tremendous reputation for supporting customers. Together,
we will work toward the shared goal of becoming the
world’s top independent supplier of cemented carbide tool
blanks.”
There will be little change as the companies begin the
integration process. AFC will maintain its own brand identity
and continue operations at its Mainleus, Germany,
headquarters. AFC founder Arno Friedrichs stepped down as
CEO and joined the Hyperion board of directors, and Ralf
Greifzu, who has led AFC’s global sales for seven years, is
now vice president and general manager of AFC. In addition,
AFC employees will participate in Hyperion’s shared
employee equity program.
further information: www.hyperionmt.com
Swiss CNC technology leader expands to India
NUM AG has opened a branch in Bangalore. With
this expansion in Asia, the international com -
pany with headquarters in Teufen, Switzerland,
further reinforces its position as a technology
leader in the field of CNC controls. With the expansion
to India, NUM increases its local presence
there as well as its customer-oriented sales and
service offering.
“The location in Bangalore will enable us to respond much
more quickly to customer enquiries and further expand
our brand in the region. We have been well represented in
China and Taiwan for many years and would now like to
further strengthen our position in Asia,” says Rajesh Nath,
managing director of NUM India. This latest expansion secures
jobs worldwide, as well as creating new employment
opportunities in India.
Rajesh Nath and NUM CEO Peter von Rüti set up the
branch in the south of Bangalore. “By opening a branch in
India, we are exploiting our growth potential. At the same
time the Indian team is expanding our expertise in sales,
service and after-sales support,” adds von Rüti. NUM believes
that Bangalore, as a high-tech location, will strongly
influence the CNC market in the future and thus significantly
promote the development potential for CNC controls.
With the new office in Bangalore, NUM is now represented
internationally at twelve locations.
further information: www.num.com
34 no. 1, 2020, March