LINCOLN ELECTRIC HOLDINGS INC acquired Robolution GmbH, a transaction announced in November 2013, structured as Acquisition.
Robolution GmbH operates in Automation, is based in Germany (Europe). Robolution GmbH is a European provider of robotic arc welding systems, based near Frankfurt, Germany. The company designs automated welding solutions for automotive OEMs and Tier 1 suppliers. Lincoln Electric agreed to acquire the business in November 2013 to expand its automation and robotic welding capabilities in Europe.
Expand Lincoln Electric's automation platform and robotic arc welding systems capability in Europe, strengthening its position with automotive OEM and Tier 1 supplier customers.
Advisory firms were not disclosed for this transaction.