M&A Deal Summary

Lincoln Electric Acquires RedViking

On April 1, 2024, Lincoln Electric acquired automotive company RedViking

Acquisition Highlights
  • This is Lincoln Electric’s 1st transaction in the Automotive sector.
  • This is Lincoln Electric’s 24th transaction in the United States.
  • This is Lincoln Electric’s 4th transaction in Michigan.

M&A Deal Summary
Date 2024-04-01
Target RedViking
Sector Automotive
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Lincoln Electric

Cleveland, Ohio, United States
Category Company
Founded 1895
Sector Machinery
Employees12,000
Revenue 4.2B USD (2023)
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 46 of 47
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 38 of 39
State (Michigan) 4 of 4
Country (United States) 24 of 25
Year (2024) 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Vanair

Michigan City, Indiana, United States

Vanair is a manufacturer of mobile power products. Vanair manufactures various electric, hydraulic, and pneumatic power sources. Vanair was founded in 1972 and is based in Michigan City, Indiana.

Buy -
Mergr

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