LINCOLN ELECTRIC HOLDINGS INC acquired Coldwater Machine Company, LLC and Pro Systems LLC for Not disclosed (combined annual revenue ~$55 million), a transaction completed in December 2018.
Coldwater Machine Company, LLC and Pro Systems LLC operates in Automation, is based in Ohio and Indiana, USA, had revenue of about combined annual revenue approximately $55 million. Coldwater Machine Company is a privately held Ohio-based flexible automation integrator and precision machining and assembly manufacturer using joining technologies such as laser and friction welding; Pro Systems is a privately held Indiana-based automation systems designer and integrator serving automotive, industrial, electrical and medical applications. Combined annual revenue is approximately $55 million.
The acquisitions accelerate growth and expand Lincoln's industry-leading portfolio of automated cutting and joining solutions, adding scale, application expertise and presence in attractive aerospace and appliance end markets.
Adds laser/friction welding and broad automation integration with aerospace and appliance exposure. Lincoln Electric automation portfolio
We are pleased to welcome the Coldwater and Pro Systems teams into our growing automation portfolio. Their expertise and experience accelerates our automation strategy and expands our presence in attractive aerospace and appliance end market applications.Christopher L. Mapes, Chairman, President and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.