LINCOLN ELECTRIC HOLDINGS INC acquires RedViking
Snapshot
LINCOLN ELECTRIC HOLDINGS INC acquired RedViking for Not disclosed in April 2024. RedViking is a Plymouth, Michigan, USA-based Americas Welding business.
- Acquirer
- LINCOLN ELECTRIC HOLDINGS INC
- Target
- RedViking
- Value
- Not disclosed
- Date
- April 2024
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
LINCOLN ELECTRIC HOLDINGS INC acquired RedViking for Not disclosed, a transaction completed in April 2024.
RedViking operates in Americas Welding, is based in Plymouth, Michigan, USA, had revenue of about approximately $70 million annual revenue. RedViking is a privately held automation system integrator based in Plymouth, Michigan, with approximately $70 million in annual revenue, serving aerospace and defense, transportation, and general industry sectors.
The acquisition expands Lincoln Electric's portfolio of automation solutions and extends its ability to serve customers in the growing aerospace and defense industries, adding integrated production data and analytic software capabilities.
Adds AGV/mobile-robot, dynamic test and proprietary MES software capabilities with aerospace & defense exposure. Reported in the Americas Welding segment
No advisory firms have been disclosed for this transaction.