M&A Deal Summary

Lincoln Electric Acquires Vanair

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2024-07-31
Target Vanair
Sector Electrical Equipment
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition

Target

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(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 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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