Add-on Acquisition • Electrical Equipment

Lincoln Electric Acquires Vanair

On July 31, 2024, Lincoln Electric acquired electrical equipment company Vanair

Acquisition Context
  • This is Lincoln Electric’s 4th transaction in the Electrical Equipment sector.
  • This is Lincoln Electric’s 25th transaction in the United States.
  • This is Lincoln Electric’s 2nd transaction in Indiana.

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M&A Deal Summary

Date July 31, 2024
Target Vanair
Sector Electrical Equipment
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition

Target Company

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.
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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 47 of 47
Sector: Electrical Equipment 4 of 4
Type: Add-on Acquisition 39 of 39
State: Indiana 2 of 2
Country: United States 25 of 25
Year: 2024 2 of 2
PREVIOUS 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.

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