Synova S.A., an Ecublens near Lausanne, Switzerland-based manufacturer of laser cutting equipment based on water jet guided laser technology, received a minority investment from De Beers Group of Companies.
De Beers acquired a 33.4% equity stake in Synova but the amount of the transaction was not disclosed.
The new partnership, which underlines Synova’s commitment to the diamond industry, will provide solid ground for its other core business units (semiconductors and metal machining).
Founded in 1997 and led by Dr. Bernold Richerzhagen, CEO, Synova is the owner and supplier of the patent protected water jet guided Laser MicroJet (LMJ) technology. The company will now work with De Beers to develop an automated cutting and shaping solution, with LMJ at its core.
Synova presently has 75 employees including 35 engineers who concentrate on the research of revolutionary material cutting processes, new applications and laser cutting equipment.