ThyssenKrupp Aerospace, via its UK subsidiary, has acquired the business activities of The Waterjet Group, based in Darton, South Yorkshire. The parties have agreed not to disclose the purchase price.
The Waterjet Group was established in 2002 and is a UK waterjet cutting company for the aerospace industry. The company has several waterjets and related value added equipment, a large number of aerospace approvals and to a smaller extent also serves other high-tech industries, including the medical technology sector.
ThyssenKrupp Aerospace has been working with The Waterjet Group for many years and will be integrating its employees, equipment and technical expertise into the ThyssenKrupp Aerospace global network.
“The acquisition of The Waterjet Group has strategic advantages for us,” explains Jürgen Funke, President of ThyssenKrupp Aerospace. “We have been successfully operating waterjet cutting facilities in the USA, Canada, Australia and Finland, the UK is a logical extension of these services.”