Lincoln Electric Announces Acquisition of Inovatech Engineering Corporation

December 17, 2018

Lincoln Electric Holdings, Inc. recently announced it acquired  Inovatech Engineering Corporation and related assets. Inovatech is a privately held Ontario, Canada-based manufacturer of advanced robotic plasma cutting solutions for structural steel applications.

“We are pleased to welcome Inovatech into the industry’s leading automation portfolio,” said Christopher L. Mapes , Chairman, President and Chief Executive Officer. “The addition scales our automated cutting solutions and application expertise for structural steel applications and supports long-term growth in that market.”

Terms of the transaction were not disclosed.

Forward-Looking Statements
The Company’s expectations and beliefs concerning the future contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management’s current expectations and involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “forecast,” “guidance” or words of similar meaning. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the Company’s operating results. The factors include, but are not limited to: general economic and market conditions; the effectiveness of post-acquisition integration efforts; and market risks and price fluctuations related to the purchase of commodities. For additional discussion, see “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K. 

Related Articles



Editor’s Pick: Featured Article

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s scalable engineering software, u-control 2000, adapts individually to your requirements. And, the u-control is powerful, compact and fully compatible with Weidmüller’s I/O system u-remote. This article looks at what makes u-control the heart of your automation.

Programmable logic controllers (PLCs) are one of the main components of any automated system. A typical control system has inputs, outputs, controllers (i.e., PLCs), and some type of human interaction with the system, a human machine interface (HMI), for example.

Read More



Latest Articles

  • SIBERprotectTM Protects Industrial OT Systems with Innovative Cyber Response Solution

    May 16, 2024 A cyber-attack can happen within a millisecond. Defend your operation just as fast with SIBERprotectTM: an automated, intelligent solution for your industrial OT operation. By Krystie Johnston Siemens recently introduced SIBERprotectTM, an automated, intelligent solution that defends critical infrastructure and OT systems in industrial settings from cyberattacks. This advanced, automatic, response to… Read More…

  • Press Retrofit is Textbook: New for Old – and Even More Productive!

    May 15, 2024 Grass GmbH, a global manufacturer of movement systems – including telescopic slides – required a safety upgrade of a complete press line for steel forming at their Salzburg plant. Where normative safety requirements are concerned, presses have a special status: so they were looking for a partner that was able to convert… Read More…