Lincoln Electric acquires an interest in Burlington Automation
Lincoln Electric has announced that it has acquired an interest in Hamilton, Ontario, Canada-based Burlington Automation, a provider of 3-D robotic plasma cutting systems. Burlington serves the structural steel, construction, oil and gas, and general fabrication markets in North America. The company's main products are sold under the brand PythonX®.
"Burlington Automation broadens our portfolio of automated cutting and welding process solutions and strengthens our automation strategy," said Lincoln Electric CEO Christopher L. Mapes. "Their proprietary technology complements our current automated cutting and welding systems by enabling customers to increase productivity and improve quality while reducing capital investment and floor space."
"We are pleased to partner with Lincoln Electric," said Rob Tyler, President of Burlington Automation. “Lincoln's market strength and worldwide reach will enable Burlington Automation to continue to design leading manufacturing systems while better serving new and existing customers across our growing business."
Terms of the transaction were not disclosed.