Lincoln Electric Acquires Fori Automation, LLC
December 1, 2022
Lincoln Electric Holdings, Inc. completed the acquisition of Fori Automation, LLC and closed a $400 million senior secured term loan to partially fund the purchase. The deal expands Lincoln Electric's automation and engineering capabilities and increases its annualized automation portfolio revenue to over $850 million, supporting its Higher Standard 2025 strategy.
- Targets
- Fori Automation, LLC
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Buyout
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