Hypertherm to acquire a minority stake in BLM.

Hypertherm Associates, a manufacturer of industrial cutting products and software, agreed to acquire a minority stake in BLM, a company manufacturing high precision and high performance laser cutting and sawing machines, computer numerical control, bending and end-forming machines. Financial terms were not disclosed. The combination of BLM GROUP’s expertise in laser cutting technology and Hypertherm Associates' experience in integrated solutions presents a significant opportunity for both companies to strengthen customer relationships and respond to the evolving needs of the market.