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Slide #61. Lincoln Electric — Robolution GmbH
Lincoln Electric (NASDAQ:LECO)
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) 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.
Lincoln Electric Holdings is a holding company. Through its subsidiaries, Co. is a manufacturer of welding, cutting and brazing products. Co.'s products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories and other welding consumables and fabrication. Co.'s product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems and regulators and torches used in oxy-fuel welding, cutting and brazing. In addition, Co. is engaged in the brazing and soldering alloys.
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