Lincoln Electric To Acquire Robolution

Lincoln Electric Holdings

announced today that it has entered into a definitive agreement to acquire Robolution GmbH, a leading European provider of robotic arc welding systems.  Based outside of Frankfurt, Germany, the company serves a number of leading automotive OEMs and Tier 1 suppliers.  "Robolution expands the geographic reach of our growing automation business," said Christopher L. Mapes, Chief Executive Officer.  "With our recent acquisitions of Wayne Trail and Tennessee Rand, and our new greenfield facility in Brazil, Robolution will enable us to seamlessly support customers across three continents."   "We are pleased to partner with Lincoln Electric," said Wolfgang Koenig, Managing Director of Robolution.  "Lincoln's financial strength and worldwide reach will enable us to better serve new and existing customers across our growing business."  The transaction is expected to close by the end of the month and terms were not disclosed. About Lincoln Electric Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market.  Headquartered in Cleveland, Ohio, Lincoln