Lincoln Electric Holdings, Inc., Cleveland, Ohio, USA, has acquired Baker Industries, Inc., Detroit, Michigan, USA, and its related assets. Baker is a privately held provider of custom tooling, parts and fixtures, primarily serving the automotive and aerospace markets. Baker is said to have extensive in-house design and manufacturing capabilities, including machining, fabricating, assembly and Additive Manufacturing. Its operations are AS9100D certified and Nadcap accredited.
The Baker organisation is expected to complement Lincoln Electric’s automation portfolio and its new metal Additive Manufacturing service business, planned to launch in mid-2019. Drawing on Lincoln Electric’s core competencies in automation, software development and metallurgy, the new metal AM business will manufacture large-scale metal parts, prototypes and tooling for industrial and aerospace customers.
“We are pleased to welcome Baker Industries to Lincoln Electric and to our automation portfolio’s new Additive Manufacturing platform,” stated Christopher L Mapes, Chairman, President and Chief Executive Officer. “Additive Manufacturing is a key strategic growth area in automation, and Baker’s expertise and capabilities will assist in scaling our Additive Manufacturing services and expand our presence in attractive aerospace and automotive end markets.”
Lincoln Electric’s automation revenue is approximately $500 million in annualised sales with the addition of Baker Industries. The terms of the transaction were not disclosed.