Another acquisition for MJP Waterjets
Swedish based MJP Waterjets’ is continuing its strategy to become a market leader in water jet propulsion systems with another acquisition – AWT i Nacka AB, a specialist in automation and control systems for water jet applications.
The company says that this acquisition will strengthen MJP Waterjets’ competiveness, products and services.
This strategic acquisition follows MJP Waterjets’ recent take-over of Ultradynamics Ltd in the UK and Ultradynamics Inc in the US. This merger completed the product programme and is helping to increase the company’s presence in the market. The group has now got three products in its portfolio – MJP CSU, MJP DRB and MJP Ultrajet.
The reason for the most recent acquisition is that the control system is a vital part of a water jet concept and MJP Waterjets wants to develop new exciting control systems for the marine market into the future.
MJP is already known in the marine industry as a top supplier of stainless steel mixed flow waterjets.
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