ACG 2022 Deal of the Year Lincoln Electric Holdings Inc., Finds a Perfect Match with Fori Automation
In the dynamic landscape of corporate growth and business acquisitions, it is not uncommon to witness extraordinary alliances that bring together companies with complementary strengths and shared values. One such remarkable collaboration was seen when Lincoln Electric, a leader in welding technology, acquired Fori Automation, an automated manufacturing specialist with product offerings spanning automated material handling, assembly and automation systems, welding systems, and end-of-line testing.
This acquisition not only earned Lincoln Electric the coveted All-Star Deal of the Year Award by the Detroit Chapter for Corporate Growth (ACG Detroit), but it also solidified both organizations' reputations as inventive companies with similar cultures.
For years, Lincoln Electric has embodied the principles of hard work, innovation, and distinction, which have made it a revered name in the welding industry. Similarly, Fori Automation has established itself as a leader in automated manufacturing, maintaining a reputation for quality, reliability, and a strong commitment to its employees and community. The acquisition brought together two companies with parallel cultures, ensuring seamless integration and a shared vision for the future.
Leaders in their Respective Fields
Lincoln Electric's expertise in welding technology has propelled them to the forefront of the industry. Their commitment to producing high-quality welding equipment has made them a trusted partner for professionals around the world. Meanwhile, Fori Automation's specialization in automated manufacturing has allowed them to carve a niche as leaders in automation manufacturing and Automated Guided Vehicles (AGVs). Their advanced technologies and integrated systems have enabled efficient production processes for numerous industries.
Scope and Scale
The acquisition of Fori Automation by Lincoln Electric has significantly expanded the range and abilities of both companies. With the addition of Fori Automation, Lincoln Electric expands its automation integration offerings, and Fori Automation is now a part of the impressive network of Lincoln Electric Automation. Boasting a network of 32 facilities dedicated to automation, this expanded reach allows them to provide unparalleled service and support to their customers globally. Furthermore, the Lincoln Electric automation workforce includes over 2,000 employees, including Fori, who are skilled in the art of automation and dedicated to pushing the boundaries of industry standards.
Operational Competencies and Integrated Technology
Lincoln Electric and Fori Automation share a common commitment to operational competency and the integration of cutting-edge technology. Lincoln Electric's emphasis on continuous improvement, lean manufacturing practices, and operational excellence aligns perfectly with Fori Automation's dedication to providing efficient automated manufacturing solutions. The acquisition has allowed Lincoln Electric to leverage Fori Automation's expertise and technological advancements to further enhance its own product offerings.
A Global Force in Automation
With the acquisition of Fori Automation, Lincoln Electric has reinforced itself as a global force in automation. Their expanded facilities and skilled workforce enable them to deliver comprehensive solutions to customers across the globe. From installation to service, Lincoln Electric's commitment to the seamless integration of Fori Automation's capabilities positions them at the forefront of the automation industry.
This All-Star deal of the year has undoubtedly been a game-changer for both companies. Beyond the recognition of winning the award, this collaboration unites two companies with similar cultures and shared values. As Lincoln Electric continues to expand its global footprint, its enhanced capabilities in automation and dedication to operational excellence, and commitment to employee well-being ensure a promising future for Lincoln Electric, Fori Automation, and their customers.