M&A Deal Summary

Lincoln Electric Acquires Powermig

On May 3, 2023, Lincoln Electric acquired engineering company Powermig

Acquisition Highlights
  • This is Lincoln Electric’s 1st transaction in the Engineering sector.
  • This is Lincoln Electric’s 4th transaction in Brazil.

M&A Deal Summary

Date 2023-05-03
Target Powermig
Sector Engineering
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 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 STATS #
Overall 45 of 47
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 37 of 39
Country: Brazil M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 RedViking

Plymouth, Michigan, United States

RedViking is a privately held automation system integrator that specializes in the development and integration of state-of-the-art autonomous guided vehicles (AGVs) and mobile robots, custom assembly and dynamic test systems, and proprietary manufacturing execution system (MES) software. RedViking is based in Plymouth, Michigan.

Buy -