Hypertherm Announces Acquisition Of OMAX Corp.
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OMAX Corporation, a manufacturer of abrasive waterjet systems, and Hypertherm, a US-based manufacturer of industrial cutting systems and software, have joined forces.
The pair announced this week the successful establishment of OMAX as a wholly-owned subsidiary of Hypertherm.
The agreement, first announced in late March, formally combines OMAX’s direct drive pumps, software, and applications technologies with Hypertherm’s complementary portfolio of intensifier-based pumps and abrasive recycling systems to form a waterjet technology company.
“As one of the world's top waterjet manufacturers, we are excited to officially join forces with a company that shares our values and vision to deliver the industry’s broadest and most technologically advanced line-up of waterjet products,” OMAX Co-Founder and CEO John Cheung said. “The Hypertherm culture and business philosophy is remarkably similar and complementary to OMAX, and I have no doubt, the company I founded will keep a keen focus on the needs of our valued customers, as we have done for the past 25 years. The OMAX Corporation, and all it stands for, is in great hands with a very bright future ahead of it.”
OMAX Corporation, based in Kent, Washington, is the owner of the OMAX, MAXIEM, GlobalMAX and ProtoMAX brands.
Hypertherm designs and manufactures industrial cutting products for use in a variety of industries such as shipbuilding, manufacturing, and automotive repair. Its product line includes cutting systems, in addition to CNC motion and height controls, CAM nesting software, robotic software and consumables.
For more information, visit the Hypertherm website or the OMAX website.
The pair announced this week the successful establishment of OMAX as a wholly-owned subsidiary of Hypertherm.
The agreement, first announced in late March, formally combines OMAX’s direct drive pumps, software, and applications technologies with Hypertherm’s complementary portfolio of intensifier-based pumps and abrasive recycling systems to form a waterjet technology company.
“As one of the world's top waterjet manufacturers, we are excited to officially join forces with a company that shares our values and vision to deliver the industry’s broadest and most technologically advanced line-up of waterjet products,” OMAX Co-Founder and CEO John Cheung said. “The Hypertherm culture and business philosophy is remarkably similar and complementary to OMAX, and I have no doubt, the company I founded will keep a keen focus on the needs of our valued customers, as we have done for the past 25 years. The OMAX Corporation, and all it stands for, is in great hands with a very bright future ahead of it.”
OMAX Corporation, based in Kent, Washington, is the owner of the OMAX, MAXIEM, GlobalMAX and ProtoMAX brands.
Hypertherm designs and manufactures industrial cutting products for use in a variety of industries such as shipbuilding, manufacturing, and automotive repair. Its product line includes cutting systems, in addition to CNC motion and height controls, CAM nesting software, robotic software and consumables.
For more information, visit the Hypertherm website or the OMAX website.