LINCOLN ELECTRIC HOLDINGS INC acquired Baker Industries, Inc. for Not disclosed, a transaction completed in April 2019.
Baker Industries, Inc. operates in Automation (additive manufacturing), is based in Detroit, Michigan, USA (automotive and aerospace), had revenue of about NULL (brought Lincoln's automation revenue to ~$500 million annualized). Baker Industries is a privately held Detroit, Michigan-based provider of custom tooling, parts and fixtures serving primarily automotive and aerospace markets, with in-house machining, fabricating, assembly and additive manufacturing capabilities; its operations are AS9100D certified and Nadcap accredited.
Baker complements Lincoln Electric's automation portfolio and its new metal additive manufacturing service business launching in mid-2019, leveraging Lincoln's automation, software and metallurgy competencies to manufacture large-scale printed metal parts, prototypes and tooling for industrial and aerospace customers.
AS9100D/Nadcap-certified tooling and additive capabilities to launch a metal additive-manufacturing service business. Lincoln Electric automation portfolio / additive manufacturing platform
We are pleased to welcome Baker Industries to Lincoln Electric and to our automation portfolio's new additive manufacturing platform. Additive manufacturing is a key strategic growth area in automation, and Baker's expertise and capabilities will assist in scaling our additive manufacturing services and expand our presence in attractive aerospace and automotive end markets.Christopher L. Mapes, Chairman, President and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.