LINCOLN ELECTRIC HOLDINGS INC acquires Zeman Bauelemente Produktionsgesellschaft m.b.H.
Snapshot
LINCOLN ELECTRIC HOLDINGS INC acquired Zeman Bauelemente Produktionsgesellschaft m.b.H. for Not disclosed in April 2021. Zeman Bauelemente Produktionsgesellschaft m.b.H. is a Vienna and Scheifling, Austria (global structural steel/infrastructure)-based International Welding (automation) business.
- Acquirer
- LINCOLN ELECTRIC HOLDINGS INC
- Target
- Zeman Bauelemente Produktionsgesellschaft m.b.H.
- Value
- Not disclosed
- Date
- April 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
LINCOLN ELECTRIC HOLDINGS INC acquired Zeman Bauelemente Produktionsgesellschaft m.b.H. for Not disclosed, a transaction completed in April 2021.
Zeman Bauelemente Produktionsgesellschaft m.b.H. operates in International Welding (automation), is based in Vienna and Scheifling, Austria (global structural steel/infrastructure), had revenue of about NULL (added ~10% to Lincoln's annual automation sales). Zeman Bauelemente, a division of the Zeman Group headquartered in Vienna, Austria with facilities in Scheifling, Austria, is a leading designer and manufacturer of robotic assembly and arc welding systems that automate the tacking and welding of steel beams, sold primarily under the Steel Beam Assembler (SBA) name and serving structural steel and infrastructure customers globally.
The addition increases Lincoln Electric's annual automation sales by approximately 10% and expands its international automation capabilities as part of the Higher Standard 2025 Strategy; the SBA combines with Lincoln's PythonX solutions for structural steel fabricators.
Adds proprietary Steel Beam Assembler robotic technology and international automation capability in structural steel. Lincoln Electric automation portfolio
No advisory firms have been disclosed for this transaction.