Lincoln Electric Acquires Powermig Automacão E Soldagem Ltda.
Lincoln Electric Holdings, Inc. - Common Shares (LECO)
Last lincoln electric holdings, inc. - common shares earnings: 4/27 07:30 am
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Source: GlobeNewswire
CLEVELAND, May 03, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired Powermig Automação e Soldagem Ltda. (“Powermig”), a privately held automation engineering firm headquartered in Caxias do Sul, Rio Grande do Sul state, in Brazil. Powermig specializes in designing and engineering industrial welding automation solutions for the heavy industry and transportation sectors and has an annual revenue of approximately USD$15 million. “We are pleased to welcome the Powermig team into our industry-leading automation portfolio,” stated Christopher L. Mapes, Lincoln’s Chairman, President and CEO. “The addition expands our automation capabilities and allows us to accelerate automation growth in the region as part of our Higher Standard 2025 strategy.” Terms of the transaction were not disclosed. About Lincoln Electric Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions
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LECO
Earnings
- 2/15/24 - Beat
LECO
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 8-K
- 4/3/24 - Form 8-K
- LECO's page on the SEC website