By Jemima Owen-Jones2018-12-18T14:09:00+00:00
Lincoln Electric Holdings, Inc. has acquired Coldwater Machine Company LLC along with Pro Systems LLC and related assets to accelerate growth and expand the company’s portfolio of automated cutting and joining solutions.
Coldwater is a privately held Ohio-based flexible automation integrator and precision machining and assembly manufacturer serving diverse end markets using broad joining technologies such as laser and friction welding. Pro Systems is a privately held Indiana-based automation systems designer and integrator serving automotive, industrial, electrical and medical applications.
“We are pleased to welcome the Coldwater and Pro Systems teams into our growing automation portfolio,” said Christopher L. Mapes, Chairman, President and CEO.
“Their expertise and experience accelerates our automation strategy and expands our presence in attractive aerospace and appliance end market applications. Added scale, application expertise, extensive joining technologies, and assembly processes further differentiates Lincoln Electric’s advanced automation solutions and the broad array of solutions available to our customers,” he added.
Combined annual revenue is approximately $55m. Terms of the transaction were not disclosed.
Lincoln Electrics, provider of arc welding and cutting solutions, held an open house and ribbon cutting ceremony to celebrate the grand opening of its new Welding Technology and Training Center in Cleveland.
Lincoln Electric Holdings, Inc. has promoted David J. Nangle to Executive Vice-President, effective 19th July, 2018. This is in addition to his role as President of The Harris Products Group segment.
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