M&A Deal Summary

Lincoln Electric Acquires Fori Automation

On October 14, 2022, Lincoln Electric acquired machinery company Fori Automation for 427M USD

Acquisition Highlights
  • This is Lincoln Electric’s 25th transaction in the Machinery sector.
  • This is Lincoln Electric’s largest (disclosed) transaction.
  • This is Lincoln Electric’s 23rd transaction in the United States.
  • This is Lincoln Electric’s 3rd transaction in Michigan.

M&A Deal Summary

Date 2022-10-14
Target Fori Automation
Sector Machinery
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition
Deal Value 427M USD

Target

Fori Automation

Shelby Township, Michigan, United States
website
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.

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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 44 of 46
Sector (Machinery) 25 of 25
Type (Add-on Acquisition) 36 of 38
State (Michigan) 3 of 4
Country (United States) 23 of 24
Year (2022) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Kestra

Sao Paul, Brazil

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Powermig

Caxias do Sul, Brazil

Powermig is an automation engineering firm that specializes in designing and engineering industrial welding automation solutions for the heavy industry and transportation sectors. Powermig is based in Caxias do Sul, Brazil.

Buy -