Lincoln Electric Holdings Inc. reports it completed an acquisition of Wayne Trail Technologies Inc., an Ohio manufacturer of metal processing systems, including machine press automation, tube-bending and fabricating systems, hydroforming and structural framing machines, and tailored-blanking machines, as well as robotic welding and fixturing systems.

The value of the transaction was not announced.

"The addition of Wayne Trail Technologies strengthens our already strong position as a market leader in welding automation in North America," stated Lincoln Electric chairman and CEO John M. Stropki. Cleveland-based Lincoln designs and manufactures arc-welding sytems and products, robotic arc welding systems, and plasma and oxy-fuel cutting equipment. It supplies numerous welding consumable products and brazing and soldering alloys.

"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," Stropki said.

Wayne Trail’s machinery and systems are supplied to manufacturers in automotive, aerospace, appliance, HVAC, and metal furniture markets, among others. It has headquarters and manufacturing operations in Ft. Laramie, Ohio, and employs 162 people. Lincoln Electric reported the company had annual sales of approximately $50 million in 2011.

"We look forward to expanding our ability to serve customers in the U.S. and international markets as part of Lincoln's broad portfolio of welding and automated solutions for its global customer base," stated David M. Knapke, Wayne Trail president and CEO.