Lincoln Electric acquires Vanair Manufacturing for ~$100M revenue mobile power solutions

LINCOLN ELECTRIC HOLDINGS INC

Vanair manufactures vehicle-mounted compressors, generators, welders, hydraulics, chargers, and electrified power equipment for U.S. service truck market.
Vanair's annual revenue is approximately $100 million with low double-digit percent EBIT margin.
Results to be reported in Lincoln Electric's Americas Welding Segment.
CEO Steven Hedlund cites channel opportunity to accelerate growth and broaden technology platform.

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