Hypertherm Acquires Washington State Waterjet Manufacturer

NEC member Hypertherm has signed a merger agreement with Washington State-based OMAX Corporation, a manufacturer of abrasive waterjet systems. Under this agreement, OMAX will become a wholly-owned subsidiary of Hypertherm, a Hanover, NH-headquartered company that provides industrial cutting products and technologies.

Once this merger is complete, OMAX’s industry leading direct drive pumps, software, and applications technologies will combine with Hypertherm’s complementary portfolio of intensifier-based pumps and abrasive recycling systems, to form the industry’s leading waterjet technology offering. In keeping with Hypertherm’s no-layoff policy, there will be no consolidations or reductions in OMAX’s 367-employee workforce.

Hypertherm’s President and CEO Evan Smith explained, “The combination of OMAX’s cutting-edge technology and solutions, innovation focus, strong brand name, commitment to customers, and excellent culture is a perfect complement to Hypertherm’s waterjet offerings and plasma cutting industry leadership position.”

The Council congratulates Hypertherm on this acquisition and the companies’ continued growth and success. 

Read more from the New Hampshire Business Review and Hypertherm.

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