HPE Puts $22M Into Laser Cutting Technology

Law360, New York (October 6, 2011, 7:14 PM EDT) -- Holland Private Equity BV is taking a significant stake in Synova SA, the two announced Thursday, and will invest 20 million Swiss francs ($21.7 million) to help the Swiss company develop its laser cutting technology and enter the global market.

Amsterdam-based HPE pledged up to $21 million to become Synova’s largest outside shareholder and give the pioneering company the funds to expand sales of its water jet guided laser cutting systems, the parties' press release said.

“Synova has built a great foundation to become a global...
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