12/13/2023 0 Comments Liquid air welder![]() ![]() Lincoln Electric is the world leader in the design, development and manufacture of arc welding solutions, robotic welding and cutting systems, plasma and oxy fuel cutting, and is a leading provider of brazing and soldering alloys. ![]() “The transaction brings together two talented teams who share the same commitment to welding and cutting innovation and offers customers the industry’s most comprehensive portfolio of solutions, technologies and application expertise.” Mapes continued, “I am confident that as we integrate the organizations, we will benefit from enhanced technical capabilities, operational efficiencies and scale, which will further advance our ‘2020 Vision and Strategy’ goals to improve profitability and returns.” Mapes, Chairman, President and Chief Executive Officer. “We are excited to welcome Air Liquide Welding into the Lincoln Electric family and complete a transaction that provides compelling value for customers, employees and shareholders,” stated Christopher L. The acquisition is immediately accretive to Lincoln Electric earnings, excluding transaction costs, at approximately $0.03 of earnings per diluted common share (EPS) per quarter, or $0.12 annually, in the first year after the acquisition, and approximately $0.06 EPS per quarter, or $0.24 annually, in the second year of operation. The Company funded the transaction with available cash on hand. Under the terms of the agreement, the purchase price was €115 million (approximately USD$134 million), including the assumption of certain debt obligations. (the “Company”) (NASDAQ:LECO) is pleased to announce that it has completed the previously announced transaction to acquire Air Liquide Welding, a subsidiary of Air Liquide. Education Resource and Purchasing PortalĬLEVELAND, J(GLOBE NEWSWIRE) - Lincoln Electric Holdings, Inc.Process Industries Pressure vessel, storage and piping manufacturers, with a focus on onshore petrochemical and refineries.Structural The fabrication, erection and maintenance of buildings, bridges and other architectural structures.Shipbuilding Advanced processes and automated solutions for critical and unique shipbuilding requirements.Power Generation Equipment, consumables and automation solutions for carbon-based, bio-fuel and renewable fuel generation.Pipe Mill Welding, cutting and fabrication of large-scale pipe for cross-country and subsea material transfer.Pipeline Equipment, consumables and expert knowledge in the deployment of cross-country or offshore pipeline projects.Offshore Rig construction, pressure control and process piping for shipyards and offshore oil and gas infrastructure.Maintenance & Repair Extend the life of metal parts that are subject to impact, abrasion or corrosive wear.Heavy Fabrication High deposition manual and automated solutions for heavy fabrication equipment and component manufacturers.General Fabrication Fabrication of metal components and assemblies involving bending, forming, cutting and welding.Automotive & Transportation High speed, low spatter and controlled heat input solutions that ensure repeatability and high productivity.Submerged Arc Welder & Feeder Accessories.Powered Air Purifying Respirators (PAPR).Special Alloys Special alloy products meet the stringent specs for the offshore, power gen, petrochemical and nuclear industries.Metal-Cored Wires Solid and flux-cored wire for high deposition rates with the ability to weld over mild surface contamination. ![]()
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