Lincoln Electric acquires Inrotech

Tps Logo Online Headshot
Updated Jun 5, 2024
Lincoln Inrotech 1

Lincoln Electric acquired Danish tech firm Inrotech, the companies announced Tuesday. 

Inrotech is a privately held automation system integration and technology firm specializing in automated welding systems differentiated by proprietary adaptive intelligence software and computer vision to guide and optimize the welding process without the need for programming or CAD files. 

[RELATED: Market moves: Strategic investments drive most transactions in May]

"We are pleased to welcome the Inrotech team to Lincoln Electric and are excited to expand the reach of their automated welding systems and incorporate their proprietary vision-based adaptive intelligence technology across a broader range of Lincoln systems, enabling the next generation of welding solutions," says Mike Whitehead, Lincoln Electric's senior vice president, president of global automation, cutting and additive solutions. 

Lincoln Electric, headquartered in Cleveland, engineers, designs and manufactures advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and produces brazing and soldering alloys. It has 71 manufacturing locations in 21 countries, serving customers in more than 160 countries. 

Terms of the transaction were not disclosed. 

"We are excited to join Lincoln Electric and realize the enormous untapped value our technology can offer customers worldwide when combined with Lincoln's extensive welding and automation expertise," says Henrik Lenskjold, Inrotech's CEO. 

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover