# 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.

- Type: Acquisition
- Announced: 2022-12-02
- Where: Shelby Township, Michigan, United States
- Value: $427.0M
- Status: announced
- Products: automated welding systems, automated assembly systems, material handling solutions, automated guided vehicles
- 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

- [dbusiness.com](https://www.dbusiness.com/daily-news/lincoln-electric-acquires-fori-automation-in-shelby-township-for-427m/), 2022-12-02: "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."

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