# Lincoln Electric to acquire additional 49.6% stake in Askaynak

Lincoln Electric Holdings has entered into an agreement to purchase an additional 49.6% interest in Askaynak, a Turkish manufacturer of welding consumables and equipment. Lincoln Electric has owned a 50% interest in Askaynak since 1998.

- Type: Acquisition
- Announced: 2019-05-15
- Where: Turkey, Türkiye
- Status: announced
- Products: welding consumables, arc welding equipment, plasma cutting equipment, oxyfuel cutting equipment, robotic welding systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Lincoln Electric Holdings](https://endata.com/companies/17084.md) (acquirer)
- [Askaynak](https://endata.com/companies/39355.md) (target)

## Sources

- [ir.lincolnelectric.com](https://ir.lincolnelectric.com/news/news-details/2019/Lincoln-Electric-Enters-Into-Agreement-to-Acquire-Askaynak-05-15-2019/default.aspx), 2019-05-15: "Lincoln Electric Enters Into Agreement to Acquire Askaynak"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.