The investment represents EtQ’s first institutional investment since its founding in 1992 and will enable the company to accelerate its innovation efforts, enhance its product development, and expand its international operations. Terms of the transaction were not disclosed.
Sciaky can now offer its current and future customers a solution that integrates with the same technology that companies around the world depend on every day to enhance product development decision making and produce better products.
This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 2.8% from May’s $191.93 million and up 6% when compared with the total of $175.97 million reported for June 2016. With a year-to-date total of $1.095 billion, 2017 is up 5.8% when compared with 2016.