LINCOLN ELECTRIC HOLDINGS INC acquires Coldwater Machine Company, LLC and Pro Systems LLC
Snapshot
LINCOLN ELECTRIC HOLDINGS INC acquired Coldwater Machine Company, LLC and Pro Systems LLC for Not disclosed (combined annual revenue ~$55 million) in December 2018. Coldwater Machine Company, LLC and Pro Systems LLC is a Ohio and Indiana, USA-based Automation business.
- Acquirer
- LINCOLN ELECTRIC HOLDINGS INC
- Target
- Coldwater Machine Company, LLC and Pro Systems LLC
- Value
- Not disclosed (combined annual revenue ~$55 million)
- Date
- December 2018
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
LINCOLN ELECTRIC HOLDINGS INC acquired Coldwater Machine Company, LLC and Pro Systems LLC for Not disclosed (combined annual revenue ~$55 million), a transaction completed in December 2018.
Coldwater Machine Company, LLC and Pro Systems LLC operates in Automation, is based in Ohio and Indiana, USA, had revenue of about combined annual revenue approximately $55 million. Coldwater Machine Company is a privately held Ohio-based flexible automation integrator and precision machining and assembly manufacturer using 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. Combined annual revenue is approximately $55 million.
The acquisitions accelerate growth and expand Lincoln's industry-leading portfolio of automated cutting and joining solutions, adding scale, application expertise and presence in attractive aerospace and appliance end markets.
Adds laser/friction welding and broad automation integration with aerospace and appliance exposure. Lincoln Electric automation portfolio
No advisory firms have been disclosed for this transaction.