LINCOLN ELECTRIC HOLDINGS INC acquired Alloy Steel Australia (Int) Pty Ltd. for $131.4 million (net of cash), a transaction completed in August 2025, structured as Stock purchase (35% on April 1, 2025; remaining 65% on August 1, 2025 for 100%).
Alloy Steel Australia (Int) Pty Ltd. operates in International Welding. Acquired 100% ownership of Alloy Steel Australia, a privately held manufacturer of maintenance and repair solutions headquartered in Perth, Australia, for a total purchase price of $131.4 million net of cash acquired and certain debt-like items. Alloy Steel supplies proprietary technology, engineering services and digital monitoring to the mining sector.
Adds proprietary wear-plate technology, engineering services and digital monitoring for the mining sector to Lincoln Electric's portfolio.
Advisory firms were not disclosed for this transaction.