Arc Products will improve portfolio for nuclear, power generation, and process manufacturing segments
Lincoln Electric Holdings Inc. has acquired “substantially all” of the assets of Arc Products, a manufacturer of orbital welding systems and welding automation components. It indicated the new products and capabilities would complement its own portfolio of products and services for customers in nuclear and power generation industries, as well as process manufacturing around the world.
The terms and value of the purchase have not been released.
"Orbital welding is one of the fastest growing segments of our industry," stated Lincoln Electric chairman and CEO John M. Stropki. "Arc Products has a robust and cost-effective line of orbital welding products that, combined with Lincoln's advanced welding power sources and applications engineering expertise, will allow us to quickly build a global leadership position in this important segment."
Arc Products is a privately held, San Diego-based company that designs orbital welding systems for automatic welding of pipe and tube in locations that are difficult to access locations, and for mission-critical applications high weld integrity and sophisticated quality monitoring is required.
Stropki added that Lincoln has been impressed by the Arc Products’ product line and R&D capabilities, and expects that the acquisition will help to “expand and deepen our relationships with key customers.”
"Joining with Lincoln will enable us to service and support end-users on a global basis, and will further accelerate our rapid growth in orbital welding systems," stated Victor Miller, Arc Products president.