Lincoln Electric Holdings Inc. has acquired Inovatech Engineering Corp. and related assets.
Inovatech is a privately held Ontario, Canada-based manufacturer of advanced robotic plasma cutting solutions for structural steel applications.
“We are pleased to welcome Inovatech into the industry’s leading automation portfolio,” Lincoln Electric CEO Christopher L. Mapes said in a statement. “The addition scales our automated cutting solutions and application expertise for structural steel applications and supports long-term growth in that market.”
Terms of the transaction were not disclosed.