Lincoln Electric To Buy Robolution GmbH; Acquires Stake In Burlington Automation

(RTTNews) - Lincoln Electric Holdings Inc. (LECO) announced Monday that it agreed to acquire Robolution GmbH, an 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.

The transaction is expected to close by the end of the month and terms were not disclosed.

In a separate press release, Lincoln Electric Holdings announced that it has acquired an ownership interest in Burlington Automation Corporation. Terms of the transaction were not disclosed.

Burlington Automation is designer and manufacturer of 3D robotic plasma cutting systems. Based in Hamilton, Ontario, Canada, the company serves a wide base of customers in the structural steel, construction, oil and gas and general fabrication markets in North America. The company's main products are sold under the brand PythonX.