Lincoln Electric Holdings, Inc has acquired Baker Industries, Inc and all related assets.
Baker, a privately held Detroit, Michigan-based provider of custom tooling, parts and fixtures primarily serving automotive and aerospace markets, has extensive in-house design and manufacturing capabilities.
Baker’s operations adhere to aerospace quality management standards and are AS9100D certified and Nadcap accredited.
“We are pleased to welcome Baker Industries to Lincoln Electric and to our automatic portfolio’s new additive manufacturing platform,” said Christopher L. Mapes, Chairman, President and CEO of Lincoln Electric.
“Additive manufacturing is a key strategic growth area in automation, and Baker’s expertise and capabilities will assist in scaling our additive manufacturing services and expand our presence in attractive aerospace and automotive end markets,” Mapes continued.
The Baker organisations will complement Lincoln Electric’s automation portfolio and its new metal additive manufacturing service business that will launch in mid-2019.
Leveraging Lincoln Electric’s core competencies in automation, software development and metallurgy, the new metal additive business will manufacture large-scale printed metal parts, prototype and tooling for industrial and aerospace customers.
The Baker acquisition, along with the new Cleveland, Ohio-based additive manufacturing development centre, will provide an additive manufacturing platform to help customers improve their lead times, designs and quality in operations.
Terms of the transaction were not disclosed.