LINCOLN ELECTRIC HOLDINGS INC acquired Easom Automation Systems, Inc. for Not disclosed (annual sales ~$30 million), a transaction completed in October 2014.
Easom Automation Systems, Inc. operates in Automation, is based in Detroit, Michigan, USA, had revenue of about approximately $30 million annual sales. Easom Automation Systems is a privately held integrator and manufacturer of automation and positioning solutions, serving heavy fabrication, aerospace and automotive OEMs and suppliers, with headquarters and operations in Detroit, Michigan and annual sales of approximately $30 million.
The investment in Easom advances Lincoln's leadership position in automated welding and cutting, with complementary strengths creating a compelling customer offering and accelerating market presence in attractive applications.
Automation and positioning solutions with aerospace, automotive and heavy-fabrication OEM exposure. Lincoln Electric automation portfolio
Our investment in Easom advances our leadership position in automated welding and cutting. Easom is a strong partner for us as our complementary strengths create a compelling offering for our customers and accelerates our market presence in attractive applications.Christopher L. Mapes, Chairman and CEO, Lincoln Electric
We are excited about joining Lincoln Electric as they share our commitment to help customers achieve superior operational efficiency and improve profitability through automated solutions.Reg Kelley, President, Easom Automation Systems
Advisory firms were not disclosed for this transaction.