Waterjet Deal Completed
Companies to pool efforts in R and D, strengthen combined position
MJP Waterjets AB based in Österbybruk, Sweden, has acquired Ultra Dynamics Ltd. and Ultra Dynamics Inc. based in Cheltenham, England, and Columbus, Ohio, U.S.A., respectively, and which supply the waterjet brand UltraJet.
MJP Waterjets supplies stainless steel mixed flow waterjets and Ultra Dynamics makes aluminium axial flow waterjets.
The companies said they will jointly work on research and development in order to further strengthen both product lines and enhance the combined company’s position.
Ultra Dynamics provides waterjets in the 250 mm to 650 mm range as well as amphibious vehicles, military crafts and railway products.