# Hypertherm to acquire OMAX, making it a wholly owned subsidiary

Hypertherm signed a definitive merger agreement to acquire abrasive waterjet maker OMAX, which becomes a wholly owned subsidiary. Closing is expected on or around April 9, 2019.

- Type: Acquisition
- Announced: 2019-03-20
- Where: Kent, Washington, United States
- Status: announced
- Products: abrasive waterjet systems, direct drive pumps, plasma cutting systems, abrasive recycling systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hypertherm](https://endata.com/companies/4791.md) (acquirer)
- [OMAX](https://endata.com/companies/4792.md) (target)

## Sources

- [prweb.com](https://www.prweb.com/releases/OMAX_Plans_to_Join_Forces_with_Hypertherm_Strengthening_Its_Waterjet_Industry_Leadership_Position/prweb16181669.htm), 2019-03-20: "following the signing of a definitive merger agreement that establishes OMAX as a wholly-owned subsidiary of Hypertherm"
- [thefabricator.com](https://www.thefabricator.com/thefabricator/news/cuttingweldprep/hypertherm-acquires-omax), 2019-03-20: "Hypertherm does not plan to make significant changes to OMAX's operations, management structure, or distribution channels."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.