Lincoln Electric Acquires Wayne Trail Technologies; Terms Not Disclosed
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired Wayne Trail Technologies, Inc., a privately held Ohio-based manufacturer of automated systems and tooling, serving a wide range of applications in the metal processing market.
"The addition of Wayne Trail Technologies strengthens our already strong position as a market leader in welding automation in North America," said John M. Stropki, Chairman and Chief Executive Officer. "Wayne Trail brings extensive design and system building experience, and we are particularly excited about the company's proven capabilities and continued commercial success in the area of laser welding systems."
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