LINCOLN ELECTRIC HOLDINGS INC acquired Zeman Bauelemente Produktionsgesellschaft m.b.H. for Not disclosed, a transaction completed in April 2021.
Zeman Bauelemente Produktionsgesellschaft m.b.H. operates in International Welding (automation), is based in Vienna and Scheifling, Austria (global structural steel/infrastructure), had revenue of about NULL (added ~10% to Lincoln's annual automation sales). Zeman Bauelemente, a division of the Zeman Group headquartered in Vienna, Austria with facilities in Scheifling, Austria, is a leading designer and manufacturer of robotic assembly and arc welding systems that automate the tacking and welding of steel beams, sold primarily under the Steel Beam Assembler (SBA) name and serving structural steel and infrastructure customers globally.
The addition increases Lincoln Electric's annual automation sales by approximately 10% and expands its international automation capabilities as part of the Higher Standard 2025 Strategy; the SBA combines with Lincoln's PythonX solutions for structural steel fabricators.
Adds proprietary Steel Beam Assembler robotic technology and international automation capability in structural steel. Lincoln Electric automation portfolio
We are excited to welcome the Zeman Bauelemente team to Lincoln Electric and integrate their unique offering into our industry-leading automation portfolio. The combination of the SBA and our PythonX solutions offers structural steel fabricators the advantage of greater productivity and capacity to meet the growing demand from structural steel and infrastructure projects.Christopher L. Mapes, Chairman, President and CEO, Lincoln Electric
We are pleased to join Lincoln Electric and share their commitment to innovation, quality and service. We are looking forward to being able to advance the adoption of the SBA technology and enhance its value proposition to serve new and existing customers.Andreas Hofer, Managing Director, Zeman Bauelemente
Advisory firms were not disclosed for this transaction.