Lincoln Electric Completes Acquisition of Alloy Steel, Expanding Global Maintenance Solutions

Reuters

Aug 04

Lincoln Electric Completes Acquisition of Alloy Steel, Expanding Global Maintenance Solutions

Lincoln Electric Holdings, Inc. has announced the acquisition of the remaining 65% interest in Alloy Steel Australia (Int) Pty Ltd., completing its full ownership of the company. Previously, Lincoln Electric held a 35% stake in Alloy Steel, which it acquired on April 1, 2025. This move aims to enhance Lincoln Electric's presence in the maintenance and repair sector. Alloy Steel, headquartered in Perth, Australia, specializes in proprietary wear plate solutions and serves the mining sector in the Asia Pacific region. The acquisition is anticipated to positively impact Lincoln Electric's earnings, with Alloy Steel's annual revenue estimated at USD $50 million. The company plans to integrate Alloy Steel's innovative solutions into its broader portfolio and expand its reach globally.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lincoln Electric Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250804520589) on August 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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