Lincoln Electric : Acquires RealWeld Systems, Inc.
November 20, 2014 at 03:32 pm EST
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20 November 2014
Lincoln Electric Acquires RealWeld Systems, Inc.
Expands Educational and Training Capabilities
Cleveland - Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced that it has acquired the privately held, live-arc welding training system manufacturer, RealWeld Systems, Inc., from EWI. The RealWeld Trainer™ is a live-arc welding training system designed for use in a welding booth for hands-on training and evaluation.
"RealWeld Systems strengthens our position as a market leader in welding education in North America," said Michael Mintun, Senior Vice President, Lincoln Electric's North America Sales & Marketing. "RealWeld Systems is a strong partner that will complement and strengthen our compelling educational offering for our industrial customers and the educational market."
"EWI developed RealWeld's technology to advance welding training and help establish industry-accepted credentials for welders," said Henry Cialone, President of EWI. "We are thrilled that Lincoln Electric shares our vision for the RealWeld Trainer in its ability to educate and deliver skilled, production-ready welders for the manufacturing workforce."
Terms of the transaction were not disclosed.
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 48 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.
About EWI
EWI is the leading engineering and technology organization in North America dedicated to advanced materials joining and allied manufacturing technologies. Since 1984, EWI has provided applied research, manufacturing support, and strategic services to leaders in the aerospace, automotive, consumer products, electronics, medical, energy & chemical, government, and heavy manufacturing industries. By matching expertise in materials joining, forming, and testing to the needs of forward-thinking manufacturers, EWI is successful in creating effective solutions in product design and production.
Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding, and the Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the Companyâs global cutting, soldering and brazing businesses, specialty gas equipment, as well as the retail business in the United States. The Companyâs 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; as well as a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing.
LINCOLN ELECTRIC HOLDINGS, INC. 
