Lincoln Electric Acquires Coldwater Machine and Pro Systems
This deal advances their automation strategy in aerospace and appliance end market applications.
Posted: December 11, 2018
Lincoln Electric Holdings, Inc. (Cleveland, OH) acquired Coldwater Machine Company, LLC (Coldwater, OH), Pro Systems LLC (Churubusco, IN) and related assets. These acquisitions accelerate growth and expand their industry-leading portfolio of automated cutting and joining solutions. Coldwater is a privately-held flexible automation integrator and precision machining and assembly manufacturer that serves diverse end markets using broad joining technologies, such as laser and friction welding. Pro Systems is a privately-held automation systems designer and integrator serving automotive, industrial, electrical and medical applications.
“We are pleased to welcome these two teams into our growing automation portfolio,” said Christopher L. Mapes, the chairman, president and chief executive officer of Lincoln Electric. “Their expertise and experience accelerates our automation strategy and expands our presence in attractive aerospace and appliance end market applications. Added scale, application expertise, extensive joining technologies, and assembly processes further differentiates our advanced automation systems and the broad array of solutions available to our customers.”
Combined annual revenue is approximately $55 million. Terms of the transaction were not disclosed.
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