Lincoln Electric acquires Powermig, Brazil automation firm with ~$15M revenue

LINCOLN ELECTRIC HOLDINGS INC

Acquired Powermig Automação e Soldagem Ltda., a Brazilian automation engineering firm.
Powermig specializes in industrial welding automation for heavy industry and transportation.
The acquired firm has annual revenue of approximately USD $15 million.
Terms of the transaction were not disclosed.
CEO Christopher L. Mapes says deal expands automation capabilities and supports Higher Standard 2025 strategy.

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