Lincoln Electric Acquires Vizient
This deal helps diversify their end market exposure and broadens their growth opportunities in automation.
Posted: June 2, 2016
Lincoln Electric Holdings, Inc. (Cleveland Oh), announced that they have acquired Vizient® Manufacturing Solutions, Inc. (Bettendorf, IA), a privately held robotic integrator specialized in custom engineered tooling and automated arc welding systems for general and heavy fabrication applications.
“We are excited to welcome them into our growing automation portfolio,” stated Christopher L. Mapes, the chairman, president and chief executive officer of Lincoln. “Their system design capabilities not only complement our current offering, but their focus on quality and customer service aligns with our values. They will also help diversify our end market exposure and broaden growth opportunities globally.”
Vizient also has operations in Brazil and has annual sales are approximately $40 million. Terms of the transaction were not disclosed. Lincoln Electric is a world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, they have 48 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries.
www.lincolnelectric.com, www.vizient.com
Subscribe to learn the latest in manufacturing.
