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Lincoln Electrical (NASDAQ: LECO), the Cleveland-based unique gear producer (OEM) of arc welding methods, has acquired RedViking, a methods integrator for automation options based mostly in Plymouth, Michigan. Phrases of Lincoln Electrical’s acquisition of the privately-held firm had been undisclosed.
Via its Lincoln Electrical Additive Options division, the worldwide welding big claims to have North America’s best metallic 3D printing capability. In recent times, the corporate has deployed its wire arc additive manufacturing (WAAM) ecosystem to ship crucial just-in-time (JIT) elements to strategic sectors akin to oil & fuel and protection.
RedViking, in the meantime, at the moment does about $70 million in income yearly, promoting a variety of services and products that allow industrial enterprise automation. Maybe most relevantly within the context of the Lincoln Electrical acquisition, RedViking notes on its web site that the corporate “redesigned a jet engine producer’s meeting line to provide 8x extra engines” in comparison with the shopper’s prior output ranges.
The most important 3D printed civil works part in North America, produced by Lincoln Electrical. Picture courtesy of US Military Corps of Engineers
In a press launch about Lincoln Electrical’s acquisition of RedViking, Steven B. Hedlund, the President and CEO of Lincoln Electrical, stated, “We’re excited to welcome the RedViking crew to Lincoln Electrical. The acquisition expands our portfolio of automation options and extends our skill to serve prospects within the rising aerospace and protection industries.”
Picture courtesy of RedViking
Based on Lincoln Electrical, it operates “71 manufacturing and automation system integration areas throughout 21 nations”, which means RedViking’s potential to succeed in a wider buyer base has simply seen a direct, vital enlargement.
The worldwide want for AM-backed distributed manufacturing is accelerating on a regular basis, and that is the case particularly in these industries Lincoln Electrical is poised to influence. Again in January, for example, I described how provide chain disruptions created by Houthi assaults on Western maritime visitors — and the Western response to these assaults — would invite alternatives for elevated leveraging of distributed 3D printing.
These tensions have solely heightened since, and the Pink Sea is in fact removed from the one area going through the identical set of points. On this macroeconomic context, then, past Lincoln Electrical and RedViking, the acquisition must be thrilling for everybody within the AM business, and above all for firms within the massive format metallic area.
Many firms and organizations have contributed to the scale-up of the underlying technological capabilities which have gotten the business up to now. Validation from a model like Lincoln Electrical for an idea as progressive as massive format, distributed metallic AM is the form of factor required to allow a viable idea to develop into a widespread business actuality.
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