LINCOLN ELECTRIC HOLDINGS INC acquires RedViking

LINCOLN ELECTRIC HOLDINGS INC acquired RedViking for Not disclosed, a transaction completed in April 2024.

RedViking operates in Americas Welding, is based in Plymouth, Michigan, USA, had revenue of about approximately $70 million annual revenue. RedViking is a privately held automation system integrator based in Plymouth, Michigan, with approximately $70 million in annual revenue, serving aerospace and defense, transportation, and general industry sectors.

The acquisition expands Lincoln Electric's portfolio of automation solutions and extends its ability to serve customers in the growing aerospace and defense industries, adding integrated production data and analytic software capabilities.

Adds AGV/mobile-robot, dynamic test and proprietary MES software capabilities with aerospace & defense exposure. Reported in the Americas Welding segment

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.Steven B. Hedlund, President and CEO, Lincoln Electric

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.