Colfax acquires Victor Technologies

ESAB, a member of the Colfax group of companies has announced that Colfax has entered into a binding agreement to acquire Victor Technologies Holdings, Inc. (Victor).

The acquisition brings together two leading organisations with world-class products, technologies and R&D. In its 110^th year, ESAB is one of the largest and most experienced manufacturers of welding and cutting products with sales and support established in 80 countries and manufacturing plants across five continents. Victor has a century-long history of innovation and is recognised for its leading brands, including Victor®, Tweco®, Cigweld® and Stoody®, which are manufactured, sold and serviced around the globe.

The combination of ESAV and Victor created a comprehensive product portfolio that brings a broader array of solutions to the global welding and cutting industry. Two of the leading suppliers in the industry, both with large, well-diversified geographic footprints, ESAB and Victor will together deliver more value to more customers in more areas of the world.

"Together, we'll use our combined geographic reach, product technologies, channel resources, and most importantly, organisations talent, to provide innovative welding and cutting solutions for our customers," said Clay Kiefaber President & Chief Executive Officer ESAB.

ESAB places strong emphasis on constant innovation and improvement guided by the voice of the customer. The Colfax Businesses System (CBS) will drive ESAB and Victor's joint efforts to develop new products, provide added value to existing products, and deliver differentiated customer solutions.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/04032014/colfax_acquires_victor_technologies/