Lincoln Electric Acquires Easom Automation Systems
This investment strategically advances Lincoln’s position in automated welding and cutting.
Posted: January 7, 2015
Lincoln Electric Holdings, Inc. (Cleveland, OH) recently acquired Easom Automation Systems, Inc. (Madison Heights, MI), a privately held integrator and manufacturer of automation and positioning solutions, serving heavy fabrication, aerospace and automotive OEMs and suppliers.
“Our investment in Easom advances our leadership position in automated welding and cutting,” said Christopher L. Mapes, the chairman and chief executive officer of Lincoln Electric. “They are 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 them as they share our commitment to help customers achieve superior operational efficiency and improve profitability through automated solutions,” said Reg Kelley, the president of Easom Automation Systems.
Easom Automation Systems, with headquarters and operations in Detroit, has annual sales of approximately $30 million. Terms of the transaction were not disclosed.
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. The company has 45 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries.
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