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Posted by Tasha Weiss on December 5, 2013 at 4:52 PM.
Lincoln Electric (an AISC member) has acquired an ownership interest in Burlington Automation Corporation, a designer and manufacturer of 3D robotic plasma cutting systems based in Hamilton, Ontario, Canada. Terms of the transaction were not disclosed.
“Burlington Automation broadens our portfolio of automated cutting and welding process solutions and strengthens our automation strategy,” said Christopher L. Mapes, CEO of Lincoln Electric. “Their proprietary technology complements our current automated cutting and welding systems by enabling customers to increase productivity and improve quality while reducing capital investment and floor space.”
In separate news, Lincoln Electric announced that it has entered into a definitive agreement to acquire Robolution GmbH, a provider of robotic arc welding systems based outside of Frankfurt, Germany. The transaction was expected to close by the end of last month and terms were not disclosed.