The Varley Group, one of Australia’s oldest and most advanced engineering companies, has formed a strategic alliance with Concurrent Technologies Corporation (CTC) and its affiliate, Enterprise Ventures Corporation (EVC) to extend its business in the United States.
According to the press release, the move will see Varley expand its presence in the United States in three key areas, including Aerospace & Defence, specialised vehicles, and advanced electric motor and generator technologies.
Earl “Chief” Smith II, PhD, SVP for Strategic Initiatives in Varley Group’s subsidiary, Varley USA, said the strategic alliance was a truly trans-Pacific partnership which will bring high-quality jobs and new business to the US.
“Varley is expanding its already extensive footprint in the American defence & aerospace marketplace. Our strategic partnership will open new markets to CTC and EVC, and leverage our strong reputation for developing high-quality solutions to hard engineering challenges,” Mr Smith II said.
“In CTC and EVC we have found an ideal partner. The partnership presents us with a unique opportunity to achieve great things together.”
CTC is an independent, nonprofit, applied R&D organisation which delivers all aspects of engineering expertise, including product design and development, surface-engineering technologies, and robotics. EVC – its for-profit affiliate and technology commercialisation arm – specialises in transferring advanced technologies to the industrial base for its parent company and other research and development firms.
“CTC and EVC bring substantial advantages to Varley, while leveraging Varley’s experience, relationships, and footprint within our markets. The companies share a common mission, set of values, and work ethic that will serve as a solid foundation for collaboration,” said Varley USA CEO, Mr Matt Hederstrom.
“EVC’s business model directly links its success with the success of its clients, employees, partners, and the communities where it operates. Together, these four organisations will deliver new, high quality, technologically advanced products and services to its customer base,” said EVC President, Mr David Schario.
Varley USA, Inc. is a wholly-owned subsidiary of the Varley Group. The company was founded to leverage the technology, innovation, responsiveness, and legacy of its Australian parent and make it easier for US companies to do business with the Varley Group.