Lincoln Electric Acquires RedViking® RedViking Complements Lincoln Electric’s Automated Material Handling and Testing Solutions and Expands Capabilities with Integrated Production Data and Analytic Software Solutions CLEVELAND–(BUSINESS WIRE)–Apr. 1, 2024– Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired RedViking, a privately held automation system integrator based in Plymouth, Michigan, U.S. RedViking specializes in the development and integration of state-of-the-art autonomous guided vehicles (AGVs) and mobile robots, custom assembly and dynamic test systems, and proprietary manufacturing execution system (MES) software. The company serves customers in the aerospace and defense, transportation, and general industry sectors. “We are excited to welcome the RedViking team to Lincoln Electric. The acquisition expands our portfolio of automation solutions and extends our ability to serve customers in the growing aerospace and defense industries,” stated Steven B. Hedlund, Lincoln Electric’s President and Chief Executive Officer. RedViking’s annual revenue is approximately $70 million, and their results will be reported in the Americas Welding Segment. Terms of the transaction were not disclosed.
