Announced
Completed
Synopsis
Lincoln Electric, an American multinational and a global manufacturer of welding products and arc welding equipment, completed the acquisition of Zeman Bauelemente, a designer and manufacturer of robotic assembly and arc welding systems that automate the tacking and welding of steel beams. Financial terms were not disclosed. “We are excited to welcome the Zeman Bauelemente team to Lincoln Electric and integrate their unique offering into our industry-leading automation portfolio. The combination of the SBA and our PythonX solutions offers structural steel fabricators the advantage of greater productivity and capacity to meet the growing demand from structural steel and infrastructure projects," Christopher L. Mapes, Lincoln Electric Chairman, President and CEO.
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