- FMA
- The Fabricator
- FABTECH
- Canadian Metalworking
Hypertherm acquires waterjet manufacturer OMAX
- March 20, 2019
- News Release
- Fabricating
OMAX Corporation, a manufacturer of abrasive waterjet systems headquartered in Kent, Wash., is joining Hypertherm, a U.S. based manufacturer of industrial cutting systems and software.
The deal, which establishes OMAX as a wholly-owned subsidiary of Hypertherm, is expected to close on April 9, 2019.
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 an extensive waterjet technology offering.
“Hypertherm is excited to welcome OMAX to our family and to bring together the leading waterjet R&D and engineering team in the world with our hardworking and talented waterjet team in Minnesota,” said Hypertherm president and CEO Evan Smith.
The company does not plan to make significant changes to OMAX’s operations, management structure, or distribution channels. The company’s current operations in Kent, Washington, will remain intact, with no consolidations or reductions planned, in keeping with its no-layoff philosophy.
Hypertherm also anticipates continuing both the Hypertherm and OMAX waterjet product offerings and brands, as the companies’ technologies and business models balance each other.
“When the late Dr. Olsen and I founded OMAX 25 years ago, our goal was to combine new motion control technology with software to create an abrasive waterjet system unlike anything else on the market,” said John Cheung, co-founder and CEO of OMAX. “In planning for the future, we wanted to partner with a company that shared our values and vision. We wanted a company that would protect our culture, provide stability for our employees, and give our customers products and services consistent with our mission statement.”
Related Companies
subscribe now
Keep up to date with the latest news, events, and technology for all things metal from our pair of monthly magazines written specifically for Canadian manufacturers!
Start Your Free Subscription- Stay connected from anywhere
Easily access valuable industry resources now with full access to the digital edition of Canadian Metalworking.
Easily access valuable industry resources now with full access to the digital edition of Canadian Fabricating & Welding.
- Trending Articles
FMA Annual Meeting: Ingenuity still key with tech innovations
Torch made for welding thin, conductive sheet metal
Compact swing chamber shot blast machine features robotic workpiece handling
Welding jacket designed for protection, comfort
Gang punching press system accommodates different parts quickly
- Industry Events
MME Saskatoon
- May 28, 2024
- Saskatoon, SK Canada
CME's Health & Safety Symposium for Manufacturers
- May 29, 2024
- Mississauga, ON Canada
DiPaolo Machine Tools Open House 2024
- June 4 - 5, 2024
- Mississauga, ON Canada
FABTECH Canada
- June 11 - 13, 2024
- Toronto, ON Canada
Zoller Open House & Technology Days 2024
- June 12 - 13, 2024
- Ann Arbor, MI