Hypertherm Associates to close its legal entity in Russia

Hypertherm Associates, a manufacturer of industrial cutting products and software in Hanover, N.H., today announced plans to formally close its legal entity in Russia. This announcement follows a decision in March of this year to suspend business because of Russia’s military invasion of Ukraine.

The continued humanitarian crisis and unpredictable business environment have caused Hypertherm Associates to conclude that a resumption of its Russia business is not going to be possible for some time.

The company has worked to reassign affected associates to new roles within its European and Middle Eastern operations.