LINCOLN ELECTRIC HOLDINGS INC acquires Baker Industries, Inc.
Snapshot
LINCOLN ELECTRIC HOLDINGS INC acquired Baker Industries, Inc. for Not disclosed in April 2019. Baker Industries, Inc. is a Detroit, Michigan, USA (automotive and aerospace)-based Automation (additive manufacturing) business.
- Acquirer
- LINCOLN ELECTRIC HOLDINGS INC
- Target
- Baker Industries, Inc.
- Value
- Not disclosed
- Date
- April 2019
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
LINCOLN ELECTRIC HOLDINGS INC acquired Baker Industries, Inc. for Not disclosed, a transaction completed in April 2019.
Baker Industries, Inc. operates in Automation (additive manufacturing), is based in Detroit, Michigan, USA (automotive and aerospace), had revenue of about NULL (brought Lincoln's automation revenue to ~$500 million annualized). Baker Industries is a privately held Detroit, Michigan-based provider of custom tooling, parts and fixtures serving primarily automotive and aerospace markets, with in-house machining, fabricating, assembly and additive manufacturing capabilities; its operations are AS9100D certified and Nadcap accredited.
Baker complements Lincoln Electric's automation portfolio and its new metal additive manufacturing service business launching in mid-2019, leveraging Lincoln's automation, software and metallurgy competencies to manufacture large-scale printed metal parts, prototypes and tooling for industrial and aerospace customers.
AS9100D/Nadcap-certified tooling and additive capabilities to launch a metal additive-manufacturing service business. Lincoln Electric automation portfolio / additive manufacturing platform
No advisory firms have been disclosed for this transaction.