Lincoln Electric Holdings, Inc. completes acquisition of Vanair Manufacturing, LLC to expand mobile power solutions portfolio
Acquiring Company
Lincoln Electric
Acquired Company
Vanair Manufacturing
ClevelandMichigan CityManufacturingManufacturingAutomotiveDescription
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has acquired Vanair Manufacturing, LLC, a renowned manufacturer of mobile power solutions serving the U.S. service truck market. This acquisition aims to capitalize on the channel opportunity to accelerate growth and broaden the technology platform for long-term value creation. Vanair’s annual revenue is approximately $100 million, and the results will be reported in the Americas Welding Segment.
Quick answer
Lincoln Electric is acquiring Vanair Manufacturing, announced July 31, 2024. Lincoln Electric is based in Cleveland, Ohio, United States.
- How much did Lincoln Electric pay for Vanair Manufacturing?
- The deal value was not disclosed.
- What does Lincoln Electric do?
- Lincoln Electric Holdings, Inc. is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment.
- Where are Lincoln Electric and Vanair Manufacturing based?
- Lincoln Electric is based in Cleveland, Ohio, United States. Vanair Manufacturing is based in Michigan City, Indiana, United States.
- Who are the decision-makers at Lincoln Electric?
- Fundz holds 1 contact at Lincoln Electric. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Vanair Manufacturing?
Vanair Manufacturing was acquired by Lincoln Electric, based in Cleveland. The deal was reported on July 31, 2024. Lincoln Electric Holdings, Inc. Lincoln Electric is publicly traded (LECO) and operates in Manufacturing.
When did Lincoln Electric acquire Vanair Manufacturing?
Lincoln Electric's acquisition of Vanair Manufacturing was reported on July 31, 2024. Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has acquired Vanair Manufacturing, LLC, a renowned manufacturer of mobile power solutions serving the U.S. service truck market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Vanair Manufacturing do?
Vanair Manufacturing, LLC is a renowned manufacturer of mobile power solutions serving the U.S. service truck market. It is privately held, operating in Manufacturing, and is based in Michigan City.
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