Lincoln Electric in exclusive negotiations to acquire Air Liquide Welding
Welding product manufacturer Lincoln Electric Holdings, Inc. has entered into exclusive negotiations to acquire Air Liquide’s welding business.
In the proposition, the US-based company has signed a memorandum of understanding (MoU) with the Tier One player to acquire Air Liquide Welding.
The proposed acquisition is subject to a definitive agreement between the parties and customary conditions and provisions.
A media release cautioned that there can be no assurance that a definitive agreement will be entered into, or that a transaction will be consummated, as the parties have not yet reached a conclusive arrangement.
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