LINCOLN ELECTRIC HOLDINGS INC acquired Wayne Trail Technologies, Inc. for Not disclosed (annual sales ~$50 million), a transaction completed in May 2012.
Wayne Trail Technologies, Inc. operates in Automation, is based in Ft. Loramie, Ohio, USA, had revenue of about approximately $50 million annual sales. Wayne Trail Technologies is a privately held Ohio-based manufacturer of flexible, automated systems and tooling, serving a wide range of metal forming, fabricating and joining applications, with headquarters and manufacturing in Ft. Loramie, Ohio, annual sales of approximately $50 million and 162 employees.
The addition of Wayne Trail strengthens Lincoln's position as a market leader in welding automation in North America, adding extensive design and system-building experience and proven laser welding system capabilities.
Automated systems/tooling with strong laser-welding capability for metal processing. Lincoln Electric welding automation
The addition of Wayne Trail Technologies strengthens our already strong position as a market leader in welding automation in North America. Wayne Trail brings extensive design and system building experience, and we are particularly excited about the company's proven capabilities and continued commercial success in the area of laser welding systems.John M. Stropki, Chairman and CEO, Lincoln Electric
We look forward to expanding our ability to serve customers in the U.S. and international markets as part of Lincoln's broad portfolio of welding and automated solutions for its global customer base.David M. Knapke, President and CEO, Wayne Trail Technologies
Advisory firms were not disclosed for this transaction.