Hypertherm buys water-jet maker
Cutting products manufacturer Hypertherm has purchased AccuStream, a Minnesota-based water-jet machinery company. Terms were not disclosed.
“AccuStream’s core values and focus on building reliable, highly precise cutting products makes the company a perfect fit for Hypertherm,” said Hypertherm founder and CEO Dick Couch. “We believe water-jet cutting is an excellent complement to Hypertherm’s existing plasma and fiber laser technologies and look forward to working together to advance the capabilities of water-jet technology.”
Hypertherm officials said they do not plan to make major changes to AccuStream’s operations and will retain its New Brighton, Minn.-based manufacturing facilities and staff.
“Hypertherm’s worldwide sales and service infrastructure is ideally suited to expanding the availability and support of our water-jet products,” said Eric Chalmers, AccuStream co-founder and president. “I am also excited about joining a company with such a high level of commitment to its team, and focus on developing market-leading technology.”