Lincoln Electric has acquired RedViking, a Michigan-based automation company, to enhance its capabilities in automated material handling and testing, particularly in aerospace and defense sectors.
RedViking specializes in AGVs, mobile robotics, customized assembly, and MES software. The acquisition aims to strengthen Lincoln Electric’s portfolio and expand its service offerings across various industries. Steven B. Hedlund, President and CEO of Lincoln Electric, expressed enthusiasm about the acquisition, stating that it will amplify the company’s automation solutions and market presence.
The financial stability and market performance of Lincoln Electric, including its strong revenue growth, flawless Piotroski Score, and consistent dividend payments, make it an attractive investment option.