CLEVELAND, Monday, June 3, 2024 -- Lincoln Electric® is pleased to announce that it has acquired Inrotech A/S. Headquartered in Odense, Denmark, Inrotech is a privately held automation system integration and technology firm specializing in automated welding systems that are differentiated by proprietary adaptive intelligence software and computer vision which guides and optimizes the welding process without the need for programming or the use of CAD files.
The state-of-the-art vision-based technology has proven to be valuable in the shipbuilding, energy, and heavy industry sectors, where welding accessibility can be challenging for traditional automated systems, but precision and quality are mission critical.
"We are pleased to welcome the Inrotech team to Lincoln Electric and are excited to expand the reach of their automated welding systems and incorporate their proprietary vision-based adaptive intelligence technology across a broader range of Lincoln systems, enabling the next generation of welding solutions," stated Mike Whitehead, Lincoln Electric's Senior Vice President, President of Global Automation, Cutting and Additive Solutions.
"We are excited to join Lincoln Electric and realize the enormous untapped value our technology can offer customers worldwide when combined with Lincoln's extensive welding and automation expertise," commented Henrik Lenskjold, CEO of Inrotech.
Terms of the transaction were not disclosed.
Business
Lincoln Electric 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, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln has 71 manufacturing locations in 21 countries and a worldwide network of distributors and sales offices serving customers in over 160 countries. For more information about Lincoln Electric and its products and services, visit the Company's website at https://www.lincolnelectric.com.
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Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. Its segments include Americas Welding, International Welding, and the Harris Products Group. Americas Welding segment includes welding operations in North and South America. International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. Harris Products Group includes its global oxyfuel cutting, soldering and brazing businesses and its retail business in the United States. Its products include arc welding, brazing and soldering filler metals (consumables), arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; and a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing. It offers automation system integration and technology, specializing in automated welding systems.
LINCOLN ELECTRIC HOLDINGS, INC. 
