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Hypertherm expands robotic capabilities with purchase of Jabez Technologies, creators of Robotmaster Software

Fasken
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Overview

Client

Hypertherm

Jabez Technologies, creators of software to simplify complex robotic programming, is joining Hypertherm, a U.S. based manufacturer of plasma, waterjet, and laser cutting systems, to make it easier for companies to utilize robots for manufacturing applications. Hypertherm is not making any major changes to Jabez’s operations, leadership structure, or distribution channels. Chahe Bakmazjian, founder and president of the privately held company, will continue to lead his team as part of Hypertherm’s newly established Robotic Software group. Jabez’s current offices in the Montreal area will remain intact, with no consolidations or reductions planned. Support for non-Hypertherm cutting systems, non-cutting applications and previously planned investments in engineering and support resources will continue. In addition, Jabez Associates will receive all Hypertherm benefits, including profit sharing and full participation in the company’s employee stock value plan. The transaction was structured as a purchase of substantially all assets of Jabez Technologies. Financial terms are undisclosed. Fasken Martineau advised Hyperthem in this transaction, with a team that was led by Michel Boislard (private M&A) and Sylvie Bourdeau (private M&A), and included Kadiatou Sow (private M&A), Alain Ranger (tax), Joëlle Simard (private M&A) and Karine Fournier (labor).

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