Companies

Lincoln Electric acquires RedViking automation company

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.

pressonlinews

Recent Posts

Crane Company acquires Trillium’s U.S. pump business for $240M

The acquisition of the U.S. pump business from Trillium Flow Technologies, a portfolio company of…

2 days ago

“Financial Times” interview to Fabio Fritelli (Nextchem): no single path to energy transition

The global energy transition is entering a critical juncture, defined less by a singular, coordinated…

2 months ago

Kimbo reports strong growth in 2025, surpassing €300 million in revenue

Kimbo, one of Italy’s leading coffee companies, closed 2025 with significantly improved financial results, demonstrating…

3 months ago

Hitachi to build trains for Turin’s new Metro Line 2

A major step forward has been taken in the development of Turin’s future Metro Line…

4 months ago

Alessandro Bernini: MAIRE expands in Central America with $50 million refinery upgrade project

MAIRE, the leading engineering Group led by Alessandro Bernini and specializing in technology solutions for…

5 months ago

Lego and Crocs: global partnership between two icons

Lego and Crocs reveal a design-driven plastics case study, pairing injection molding, modularity, and customization…

8 months ago