M&A Deal Summary

Lincoln Electric Acquires Kestra

On March 1, 2022, Lincoln Electric acquired metals/mining company Kestra

Acquisition Highlights
  • This is Lincoln Electric’s 2nd transaction in the Metals/Mining sector.
  • This is Lincoln Electric’s 3rd transaction in Brazil.

M&A Deal Summary

Date 2022-03-01
Target Kestra
Sector Metals/Mining
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition

Target

Kestra

Sao Paul, Brazil
website
Kestra manufactures and provides specialty welding consumables, wear plates, and maintenance and repair services for alloy and wear-resistant products commonly used in mining, steel, agricultural, and industrial mill applications. Kestra is based in Sao Paul, Brazil.

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Buyer(S) 1

Buyer

Lincoln Electric

Cleveland, Ohio, United States

website


Category Company
Founded 1895
Sector Machinery
Employees11,000
Revenue 3.2B USD (2021)
DESCRIPTION
Entrance to Lincoln Electric's corporate headquarters in Cleveland, Ohio.
Entrance to Lincoln Electric's corporate headquarters in Cleveland, Ohio.

Lincoln Electric is a designer and manufacturer of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a global position in the brazing and soldering alloys market. Lincoln Electric was founded in 1895 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 43 of 46
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 35 of 38
Country (Brazil) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Fabricated Tube Products

Carthage, Tennessee, United States

Fabricated Tube Products manufactures copper and aluminum headers, distributor assemblies, and manifolds in the United States and Mexico for the HVAC sector. Fabricated Tube Products is based in Carthage, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-14 Fori Automation

Shelby Township, Michigan, United States

Fori Automation is an automation engineering firm designer and manufacturer of complex, multi-armed automated welding systems, with an extensive range of automated assembly systems, automated material handling solutions, automated large-scale, industrial guidance vehicles (AGVs), and end of line testing systems. Fori Automation was founded in 1984 and is based in Shelby Township, Michigan.

Buy $427M