ESAB completed the acquisition of Ohio Medical for $127m.

ESAB, a fabrication and gas control technology provider, completed the acquisition of Ohio Medical, a manufacturer of oxygen therapy products and medical gas equipment devices, for $127m. “We are thrilled to welcome the Ohio Medical team to ESAB Corporation. Ohio Medical increases our served market in North America for medical oxygen regulators and central gas systems, complementing our GCE and Victor businesses, creating a gas control equipment leader with revenues of more than $400m. We are excited about the significant global cross-selling opportunities and how Ohio Medical advances our strategy to drive faster growth, higher margins, lower cyclicality, and stronger cash flow," Shyam P. Kambeyanda, ESAB President and CEO.