MJP Waterjets acquires Ultra Dynamics
Sweden’s MJP Waterjets AB has acquired the UK and US based waterjet specialist, Ultra Dynamics – the merger will create one of the world’s largest waterjet providers.
MJP says that customers will now benefit from the two companies’ strong marketing positions in their respective brands. MJP is known as a top supplier of stainless steel mixed flow waterjets and Ultra Dynamics is known for its supply of aluminium axial flow waterjets – branded as the UltraJet.
Derek Burton, chairman of Ultra Dynamics, said: “When you have been involved in the building of a successful business it is always difficult to let go. However, I am confident that the combination of the MJP and the UltraJet brands are a good marriage for both businesses and that together, they will become an even more powerful force in the waterjet market. It is a perfect partnership and I wish them well.”
The two companies complement each other quite well in different areas of the marine market. MJP Waterjets develops and delivers heavy-duty waterjet propulsion systems complete with steering system, education and service. Meanwhile, Ultra Dynamics provides waterjets in the 250mm to 650mm range as well as amphibious vehicles, military crafts and railway products.
The newly merged group will work together jointly on research and development in order to strengthen both product lines.
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