Lincoln Electric acquires Wayne Trail Technologies
Lincoln Electric Holdings has acquired Wayne Trail Technologies Inc., a privately held manufacturer of automated systems and tooling.
"The addition of Wayne Trail Technologies strengthens our already strong position as a market leader in welding automation in North America," said John M. Stropki, chairman and chief executive officer. "Wayne Trail brings extensive design and system building experience, and we are particularly excited about the company's proven capabilities and continued commercial success in the area of laser welding systems."
Wayne Trail Technologies, Inc., with headquarters and manufacturing operations in Ft. Loramie, Ohio, serves a wide range of applications in the metal processing market and has annual sales of approximately $50 million.
Terms were not disclosed.
Lincoln Electric designs and manufactures arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment.
INDUSTRIAL SUPPLY MAGAZINE
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