LINCOLN ELECTRIC HOLDINGS INC acquisition history.

We are pleased to welcome the Vanair team to Lincoln Electric. Vanair is renowned for their leading high-quality manufacturing, innovation, and engineering expertise in the fast-growing maintenance and repair service truck market. By joining together, Lincoln Electric will capitalize on this channel opportunity to accelerate growth and broaden our technology platform for long-term value creation.

We are excited to welcome the RedViking team to Lincoln Electric. The acquisition expands our portfolio of automation solutions and extends our ability to serve customers in the growing aerospace and defense industries.

We are pleased to welcome the Powermig team into our industry-leading automation portfolio. The addition expands our automation capabilities and allows us to accelerate automation growth in the region as part of our Higher Standard 2025 strategy.

This transaction represents an exciting growth opportunity for both organizations by bringing together best-in-class automation platforms and engineering expertise to drive value for all of our stakeholders and accelerate our automation growth and resources to advance our Higher Standard 2025 strategy.

We are excited to welcome Fori into Lincoln Electric and expand our leading portfolio of automation solutions and engineering expertise to advance customers' productivity needs. The transaction brings together two innovative organizations who are guided by similar values and follow a 'customer-first' approach.

We are excited to welcome FTP and Shoals to Lincoln Electric and integrate their industry-leading offering and expertise into our Harris Products Group business. Our combined portfolio now offers HVAC OEMs with the broadest portfolio of solutions and application expertise for high-quality and efficient HVAC coil fabrication.

We are excited to welcome the Zeman Bauelemente team to Lincoln Electric and integrate their unique offering into our industry-leading automation portfolio. The combination of the SBA and our PythonX solutions offers structural steel fabricators the advantage of greater productivity and capacity to meet the growing demand from structural steel and infrastructure projects.

We are pleased to join Lincoln Electric and share their commitment to innovation, quality and service. We are looking forward to being able to advance the adoption of the SBA technology and enhance its value proposition to serve new and existing customers.

We are pleased to welcome the Askaynak team into Lincoln Electric. Askaynak strengthens our position in the region and as one team; we will serve our customers with innovative solutions, superior service, and deliver operational excellence.

We are pleased to welcome Baker Industries to Lincoln Electric and to our automation portfolio's new additive manufacturing platform. Additive manufacturing is a key strategic growth area in automation, and Baker's expertise and capabilities will assist in scaling our additive manufacturing services and expand our presence in attractive aerospace and automotive end markets.

The addition of these consumables creates the broadest soldering and brazing portfolio in the industry. This acquisition will allow us to better serve our customers, accelerate growth in the retail channel and richen the mix of our Harris business.

We are pleased to welcome the Coldwater and Pro Systems teams into our growing automation portfolio. Their expertise and experience accelerates our automation strategy and expands our presence in attractive aerospace and appliance end market applications.

We are pleased to welcome Inovatech into the industry's leading automation portfolio. The addition scales our automated cutting solutions and application expertise for structural steel applications and supports long-term growth in that market.

We are excited to welcome Air Liquide Welding into the Lincoln Electric family and complete a transaction that provides compelling value for customers, employees and shareholders. The transaction brings together two talented teams who share the same commitment to welding and cutting innovation and offers customers the industry's most comprehensive portfolio of solutions, technologies and application expertise.

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.

Our investment in Wolf Robotics extends our leadership position in automated welding and cutting. We are excited to combine their expertise and capabilities as a leading automation integrator in the North American heavy fabrication sector with our existing portfolio to better serve customers and accelerate growth.

Our investment in Easom advances our leadership position in automated welding and cutting. Easom is a strong partner for us as our complementary strengths create a compelling offering for our customers and accelerates our market presence in attractive applications.

We are excited about joining Lincoln Electric as they share our commitment to help customers achieve superior operational efficiency and improve profitability through automated solutions.

Burlington Automation broadens our portfolio of automated cutting and welding process solutions and strengthens our automation strategy. Their proprietary technology complements our current automated cutting and welding systems by enabling customers to increase productivity and improve quality while reducing capital investment and floor space.

We are pleased to partner with Lincoln Electric. Lincoln's market strength and worldwide reach will enable Burlington Automation to continue to design leading manufacturing systems while better serving new and existing customers across our growing business.

Kaliburn and Burny are strong brands in the high precision shape cutting space. Including their UltraSharp cutting technology and well-established, excellent quality products in our portfolio will further strengthen and expand our offerings to our global distributor partners and end-user customers.

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.

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.

The acquisition of Weartech is a continuation of our ongoing strategy to expand the breadth of our consumable product portfolio to better service our global customer base. Weartech is well positioned globally in the specialized cobalt welding consumable market, selling primarily to the high growth energy and process chemical segments.

Joining with Lincoln will significantly expand our distribution network and our ability to reach these customers worldwide.

Orbital welding is one of the fastest growing segments of our industry. Arc Products has a robust and cost effective line of orbital welding products that, combined with Lincoln's advanced welding power sources and applications engineering expertise, will allow us to quickly build a global leadership position in this important segment.

Joining with Lincoln will enable us to service and support end-users on a global basis, and will further accelerate our rapid growth in orbital welding systems.

This acquisition will add to our manufacturing capacity in this fast growing market and complement Mezhgosmetiz-Mtsensk OAO ('MGM'), our recent Russian acquisition. Severstal's extensive stick electrode offering, along with solid wire and flux cored wire products, when combined with solid wire products from MGM, will make Lincoln Electric a leading consumables manufacturer in the CIS countries.

The sale of OOO Severstal-metiz: welding consumables will allow us to concentrate fully on our core business (wire and wire products) and continue to provide our clients with competitive product of the highest quality.

Lincoln already has solid brand recognition and market presence in Russia through imports of our high technology welding products for the energy and infrastructure segments. MGM, with its broad line of premium quality solid wire and stick electrode product offerings, combined with an extensive distribution network, will complement our imported products offering and significantly expand our commercial presence in the region.

We are pleased to announce the acquisition of Jin Tai, which starts a new phase in the development of our business in China. Jin Tai will greatly expand our customer base, bring experienced industry management talent into our Asian organization and add significant cost-competitive MIG wire manufacturing capacity.

The Brastak acquisition represents the expansion of our brazing product line as well as our continued expansion into developing international markets. The Brastak business, previously owned and operated by the Takemoto family, will strengthen our presence in the Brazilian market and provide a platform for servicing the South American region with high quality brazing products.

This acquisition significantly expands our European consumables manufacturing capacity and widens our commercial presence in western Europe.

Vernon Tool is a solid company, and we are pleased that its experienced management team will be joining Lincoln as we add the company's product line to Lincoln's product offering and global sales network. This acquisition adds to Lincoln's ability to support its customers in the growing market for infrastructure development.

We are pleased to add the Nanjing product line and strong personnel team to Lincoln's product offering and distribution network in China. This acquisition complements Lincoln's existing portfolio of stick electrode products manufactured in Lincoln Electric Inner Mongolia.

We are very pleased to add the Metrode product line and strong personnel team to Lincoln's global product offerings and distribution network. This acquisition provides Lincoln with high quality, innovative solutions for many specialty high-end applications including the rapidly growing power generation and petrochemical industries.

We are pleased to add the J.W. Harris line to Lincoln's global product offerings and distribution. This acquisition provides Lincoln with both a strong complementary metals-joining technology and a leading market position in the brazing and soldering alloys market.