Lincoln Electric Completes Purchase of the Controlling Stake in Askaynak
2019年7月2日 - 5:30AM
Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO)
announced today it has completed the purchase of the controlling
stake of Kaynak Tekniği Sanayi ve Ticaret A.Ş. (“Askaynak”) to
advance Lincoln Electric’s regional growth strategy in Europe, the
Middle East and Africa.
“We are pleased to welcome the Askaynak team into Lincoln
Electric,” stated Christopher L. Mapes, Chairman, President and
Chief Executive Officer of Lincoln Electric. “Askaynak strengthens
our position in the region and as one team; we will serve our
customers with innovative solutions, superior service, and deliver
operational excellence.”
As previously disclosed, Askaynak is located in Turkey and is
the country’s leading supplier and manufacturer of welding
consumables, arc welding equipment, including plasma and oxy-fuel
cutting equipment, and robotic welding systems. Askaynak generates
approximately USD$70 million in annual revenue.
Terms of the transaction were not disclosed.
Business
Lincoln Electric is the world leader in the design, development
and manufacture of arc welding products, robotic arc welding
systems, plasma and oxyfuel cutting equipment and has a leading
global position in the brazing and soldering alloys market.
Headquartered in Cleveland, Ohio, Lincoln has 60
manufacturing locations, including operations and joint ventures in
19 countries and a worldwide network of distributors and sales
offices covering more than 160 countries. For more
information about Lincoln Electric and its products and services,
visit the Company's website at www.lincolnelectric.com.
Contact
Amanda ButlerVice President, Investor Relations
& CommunicationsTel: 216.383.2534Email:
Amanda_Butler@lincolnelectric.com
Lincoln Electric (NASDAQ:LECO)
過去 株価チャート
から 6 2024 まで 7 2024
Lincoln Electric (NASDAQ:LECO)
過去 株価チャート
から 7 2023 まで 7 2024