◂ Announcements

Dec 2, 2022ACQUISITIONShelby Township, Michigan, United States

Lincoln Electric acquires Fori Automation for $427 million

Lincoln Electric Holdings signed a definitive agreement to acquire Fori Automation, a supplier of automated industrial assembly systems, for $427 million.

Value

$427.0M

Status

Announced

Productsautomated welding systemsautomated assembly systemsmaterial handling solutionsautomated guided vehicles

CompaniesLincoln Electric Holdings acquirer Fori Automation, Inc. target

Sectors#Automation and Robotics #Automotive Components #Aerospace Components

“The deal was a strategic play by Lincoln to become a major player in the electrified space by acquiring a capability that would take them years to develop internally.”dbusiness.com

1 source
dbusiness.comLincoln Electric Acquires Fori Automation in Shelby Township for $427M - DBusiness MagazineR.J. KingDec 2, 2022

Summarized from public sources; check the original articles before acting on it.

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