November 18, 2013
Lincoln Electric Holdings Inc. has announced that it has entered into a definitive agreement to acquire Robolution GmbH, a leading European provider of robotic arc welding systems. Based outside of Frankfurt, Germany, the company serves a number of leading automotive OEMs and Tier 1 suppliers.
"Robolution expands the geographic reach of our growing automation business," said CEO Christopher L. Mapes. "With our recent acquisitions of Wayne Trail and Tennessee Rand, and our new greenfield facility in Brazil, Robolution will enable us to seamlessly support customers across three continents."
"We are pleased to partner with Lincoln Electric," said Wolfgang Koenig, managing director of Robolution. "Lincoln's financial strength and worldwide reach will enable us to better serve new and existing customers across our growing business."
The transaction is expected to close by the end of the month and terms were not disclosed.