Lincoln Electric Holdings, Inc., Ohio-based developer of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment, has acquired Inovatech Engineering Corporation and related assets.
Inovatech is a privately held Ontario, Canada-based manufacturer of advanced robotic plasma cutting solutions for structural steel applications.
“We are pleased to welcome Inovatech into the industry’s leading automation portfolio,” said Christopher L. Mapes, Chairman, President and CEO.
“The addition scales our automated cutting solutions and application expertise for structural steel applications and supports long-term growth in that market,” he added.
Terms of the transaction were not disclosed.