Lincoln Electric Holdings Inc. has purchased Fort Loramie, Ohio-based Wayne Trail Technologies, a privately held manufacturer of automated systems and tooling for the metal processing market.
Terms of the deal were not disclosed.
“The addition of Wayne Trail Technologies strengthens our already strong position as a market leader in welding automation in North America,” said John M. Stropki, chairman and chief executive officer of Lincoln Electric. “Wayne Trail brings extensive design and system building experience, and we are particularly excited about the company’s proven capabilities and continued commercial success in the area of laser welding systems.”
Wayne Trail has annual sales of approximately $50 million and employs 162 people.