Add-on Acquisition • Aerospace

Lincoln Electric Acquires Baker Industries

On April 1, 2019, Lincoln Electric acquired aerospace company Baker Industries

Acquisition Context
  • This is Lincoln Electric’s 1st transaction in the Aerospace sector.
  • This is Lincoln Electric’s 20th transaction in the United States.
  • This is Lincoln Electric’s 2nd transaction in Michigan.

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M&A Deal Summary

Date April 1, 2019
Target Baker Industries
Sector Aerospace
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition

Target Company

Baker Industries

Macomb, Michigan, United States
Baker Industries is a provider of custom tooling, parts, and fixtures primarily serving automotive and aerospace markets. Baker has extensive in-house design and manufacturing capabilities, including machining, fabricating, assembly, and additive manufacturing. Baker Industries is based in Macomb, Michigan
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Buyer Overview 1

Buyer

Lincoln Electric

Cleveland, Ohio, United States

Category Company
Founded 1895
Sector Machinery
Employees12,000
Revenue 4.0B USD (2024)
DESCRIPTION
Lincoln Electric's corporate headquarters in Cleveland, Ohio.
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 Context for Buyer #
Overall 39 of 47
Sector: Aerospace 1 of 1
Type: Add-on Acquisition 33 of 39
State: Michigan 2 of 4
Country: United States 20 of 25
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Worthington Industries - Soldering Business

Columbus, Ohio, United States

Worthington Industries, Inc. - Soldering Business is a manufacturer of solders and fluxes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Zeman Bauelemente

Vienna, Austria

Zeman Bauelemente is a designer and manufacturer of robotic assembly and arc welding systems that automate steel beams' tacking and welding. Zeman Bauelemente’s systems are primarily sold under the Steel Beam Assembler (SBA) name and serve customers in the structural steel and infrastructure sectors globally. Zeman Bauelemente is based in Vienna, Austria.

Buy -