LINCOLN ELECTRIC HOLDINGS INC acquired Inrotech A/S for $42.4 million (net of cash), a transaction completed in June 2024, structured as Stock purchase (100% ownership).
Inrotech A/S operates in International Welding. Acquired 100% ownership of Inrotech A/S, a privately held automation system integration and technology firm headquartered in Odense, Denmark, for a purchase price of $42.4 million net of cash acquired. Inrotech specializes in automated welding systems differentiated by proprietary adaptive intelligence software and computer vision that guides and optimizes the welding process without programming or CAD files.
Expands Lincoln Electric's welding automation capabilities with vision-based adaptive intelligence technology.
Advisory firms were not disclosed for this transaction.