# Lincoln Electric signs agreement to acquire Fori Automation

Lincoln Electric Holdings, Inc. signed a definitive agreement to acquire Fori Automation, Inc., a designer and manufacturer of automated welding systems and assembly solutions, for an undisclosed amount. The acquisition is expected to add approximately $225 million in annual automation sales.

- Type: Acquisition
- Announced: 2022-10-14
- Where: Shelby Township, Michigan, United States
- Value: $427.0M
- Status: announced
- Products: automated welding systems, automated assembly systems, automated material handling solutions, AGVs, end of line testing systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Lincoln Electric Holdings](https://endata.com/companies/17084.md) (acquirer)
- [Fori Automation, Inc.](https://endata.com/companies/65786.md) (target)

## Sources

- [ir.lincolnelectric.com](https://ir.lincolnelectric.com/news/news-details/2022/Lincoln-Electric-Signs-Definitive-Agreement-to-Acquire-Fori-Automation-Inc/), 2022-10-14: "Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (the 'Company') announced today that it has signed a definitive agreement to acquire Fori Automation, Inc."
- [ir.lincolnelectric.com](https://ir.lincolnelectric.com/news/news-details/2022/Lincoln-Electric-Signs-Definitive-Agreement-to-Acquire-Fori-Automation-Inc/default.aspx), 2022-10-14: "This transaction represents an exciting growth opportunity for both organizations by bringing together best-in-class automation platforms and engineering expertise to drive value for all of our stakeholders and accelerate our automation growth and resources to advance our Higher Standard 2025 strate"
- [nasdaq.com](https://www.nasdaq.com/press-release/lincoln-electric-signs-definitive-agreement-to-acquire-fori-automation-inc.-2022-10), 2022-10-14: "This transaction represents an exciting growth opportunity for both organizations by bringing together best-in-class automation platforms and engineering expertise to drive value for all of our stakeholders and accelerate our automation growth and resources to advance our Higher Standard 2025 strate"
- [crainscleveland.com](https://www.crainscleveland.com/manufacturing/lincoln-electric-acquire-fori-automation-427-million/), 2022-10-14: "Lincoln Electric to acquire Fori Automation for $427 million"

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