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OMAX Corporation inks definitive merger agreement with Hypertherm

Monday, 25 Mar 2019
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OMAX Corporation, a manufacturer of abrasive waterjet systems, plans to join hands with Hypertherm, a US-based manufacturer of industrial cutting systems and software, following the signing of a definitive merger agreement that establishes OMAX as a wholly-owned subsidiary of Hypertherm.

The transaction is expected to be closed on or around 9 April 2019. Upon the closure of the transaction, OMAX’s direct drive pumps, software, and applications technologies will combine with Hypertherm’s portfolio of intensifier-based pumps and abrasive recycling systems, to form the industry’s leading waterjet technology offering.

OMAX’s current offices and manufacturing operations in Kent, Washington, where the majority of its 367 associates are located, will remain unchanged, with no consolidations or reductions planned.

Hypertherm also expects to continue both the Hypertherm and OMAX waterjet product offerings and brands, as the companies’ technologies and business models balance each other.

 
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