Lincoln Electric acquires automation innovator, RedViking

To enhance its automation solutions, Lincoln Electric Holdings, Inc. (Nasdaq: LECO), a global leader in welding and cutting technologies, has announced the acquisition of RedViking, a renowned automation system integrator.

This acquisition marks a significant expansion for Lincoln Electric, particularly in the aerospace and defense sectors.

RedViking, based in Plymouth, Michigan, is at the forefront of developing autonomous guided vehicles (AGVs), mobile robots, and dynamic test systems. Their proprietary manufacturing execution system (MES) software is a testament to their innovative approach to automation.

With an impressive clientele across aerospace, defense, transportation, and general industry, RedViking’s expertise is set to complement Lincoln Electric’s extensive portfolio.

Steven B. Hedlund, President and CEO of Lincoln Electric, expressed enthusiasm about the acquisition: “The integration of RedViking’s team and technologies allows us to broaden our reach in the automation domain, especially within the rapidly evolving aerospace and defense markets.”

The financial details of the acquisition, which sees RedViking’s annual revenue of approximately $70 million being incorporated into Lincoln Electric’s Americas Welding Segment, have not been disclosed.

Lincoln Electric, headquartered in Cleveland, Ohio, is recognized as the Welding Expert™. With 71 manufacturing locations and a vast network of distributors and sales offices in 21 countries, Lincoln Electric is committed to advancing the fabrication capabilities of its customers globally, helping to build a better world through its expertise in materials science, software development, and automation engineering.

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