Brief: Lincoln Electric Signs Definitive Agreement To Acquire Fori Automation, Inc.

Lincoln Electric Holdings

14/10/2022 12:32

Oct 14 (Reuters) - Lincoln Electric Holdings Inc
 LECO.O :
    * LINCOLN ELECTRIC SIGNS DEFINITIVE AGREEMENT TO ACQUIRE
FORI
AUTOMATION, INC.
    * LINCOLN ELECTRIC HOLDINGS INC - PROPOSED DEAL FOR CASH
PURCHASE
PRICE OF $427 MILLION
    * LINCOLN ELECTRIC HOLDINGS INC - PROPOSED DEAL FOR INTENDS
TO
FUND TRANSACTION WITH CASH ON HAND AND ARRANGED CREDIT
    * LINCOLN ELECTRIC HOLDINGS INC -  FORI AUTOMATION
ACQUISITION IS
EXPECTED TO BE ACCRETIVE TO EARNINGS
    * LINCOLN ELECTRIC HOLDINGS- ACQUISITION WILL ACCELERATE
LINCOLN'S
HIGHER STANDARD 2025 STRATEGIC GOAL OF ACHIEVING $1 BILLION IN
AUTOMATION SALES BY 2025
    * LINCOLN ELECTRIC HOLDINGS INC - DEAL EXPECTED TO INCREASE
CO'S
ANNUAL AUTOMATION SALES BY ABOUT $225 MILLION AT COMPARABLE EBIT
MARGINS TO CURRENT AUTOMATION PORTFOLIO

Source text for Eikon:  ID:nGNX8hzFj4 
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