Lincoln Electric acquires Easom Automation
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Lincoln Electric has announced that it has acquired Easom Automation Systems Inc., a privately held integrator and manufacturer of automation and positioning solutions, serving heavy fabrication, aerospace and automotive OEMs and suppliers.
"Our investment in Easom advances our leadership position in automated welding and cutting," said Christopher L. Mapes, Chairman and Chief Executive Officer. "Easom is a strong partner for us as our complementary strengths create a compelling offering for our customers and accelerates our market presence in attractive applications."
"We are excited about joining Lincoln Electric as they share our commitment to help customers achieve superior operational efficiency and improve profitability through automated solutions," said Reg Kelley, President of Easom Automation Systems, Inc.
Easom Automation Systems, Inc., with headquarters and operations in Detroit, has annual sales of approximately US$ 30 million. Terms of the transaction were not disclosed.
Edited from source by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/business-news/09102014/lincoln-electric-acquires-easom-automation/
You might also like
The World Pipelines Podcast
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP’s global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Listen for free today at www.worldpipelines.com/podcasts or subscribe and review on your favourite podcast app.
T.D. Williamson announces strategic investment from Apollo Funds
T.D. Williamson (TDW), a global leader in pipeline infrastructure technology and services, have announced a strategic investment from funds managed by Apollo.
