Hypertherm to expand into waterjet cutting
Hypertherm, which manufactures industrial cutting systems, will merge with a manufacturer of abrasive waterjet systems.
Hypertherm (Hanover, NH), which manufactures industrial cutting systems and software, has signed a definitive merger agreement with OMAX (Kent, WA), a manufacturer of abrasive waterjet systems, to establish that company as a wholly owned subsidiary of Hypertherm. The two companies will merge on or around April 9, 2019.
Hypertherm does not plan to make significant changes to OMAX’s operations, management structure, or distribution channels. OMAX's current offices and manufacturing operations in Kent, where the majority of its 367 associates are located, will remain intact, with no consolidations or reductions planned. Hypertherm also anticipates continuing both the Hypertherm and OMAX waterjet product offerings and brands, as the companies' technologies and business models balance each other.
Hypertherm's industrial cutting products have use in a variety of industries, including shipbuilding, manufacturing, and automotive repair.