Lincoln Electric to acquire Fori Automation for $427M cash to accelerate automation strategy

LINCOLN ELECTRIC HOLDINGS INC

Cash purchase price of $427M, expected to close Q4 2022 subject to regulatory approval.
Fori Automation generates ~$225M in annual automation sales; acquisition is accretive to earnings.
Deal adds large-scale assembly, automated material handling, AGVs, and end-of-line testing capabilities.
Expands Lincoln's automation footprint in South Korea, India, Europe, China, and Latin America.
Acquisition supports Lincoln's Higher Standard 2025 goal of $1B in automation sales by 2025.

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