LINCOLN ELECTRIC HOLDINGS INC acquired Vizient Manufacturing Solutions for Not disclosed (annual sales ~$40 million), a transaction completed in May 2016.
Vizient Manufacturing Solutions operates in Automation, is based in Bettendorf, Iowa, USA, with operations in Brazil, had revenue of about approximately $40 million annual sales. Vizient Manufacturing Solutions is a privately held robotic integrator specialized in custom engineered tooling and automated arc welding systems for general and heavy fabrication applications, headquartered and operating in Bettendorf, Iowa with operations in Brazil; annual sales are approximately $40 million.
Vizient's system design capabilities complement Lincoln's current offering, align with its quality and customer-service values, and help diversify Lincoln's end-market exposure and broaden growth opportunities globally as part of the automation growth strategy.
Custom tooling and automated arc-welding systems that diversify end markets in general and heavy fabrication. Lincoln Electric automation portfolio
We are excited to welcome Vizient into our growing automation portfolio. Their system design capabilities not only complement our current offering, but their focus on quality and customer service aligns with our values at Lincoln Electric. Vizient will also help diversify our end market exposure and broaden growth opportunities globally.Christopher L. Mapes, Chairman, President and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.