November 18, 2013 (Oakville, ON) – Douglas Nix, Vice Chairman of Corporate Finance Associates, is pleased to announce that Lincoln Electric Holdings, Inc. (Nasdaq: LECO) made a significant investment in Burlington Automation Corporation on November 15, 2013. Burlington Automation was represented by CFA Toronto West. Terms of the transaction were not disclosed.
Burlington Automation is a leader in the design and manufacture of 3D robotic plasma cutting systems. Based in Hamilton, Ontario, Canada, the company serves a wide base of customers in the structural steel, construction, oil and gas and general fabrication markets in North America. The company’s main products are sold under the brand PythonX®.
“Burlington Automation broadens our portfolio of automated cutting and welding process solutions and strengthens our automation strategy,” said Christopher L. Mapes, Chief Executive Officer of Lincoln Electric. “Their proprietary technology complements our current automated cutting and welding systems by enabling customers to increase productivity and improve quality while reducing capital investment and floor space.”
“We are pleased to partner with Lincoln Electric,” said Rob Tyler, President of Burlington Automation. “Lincoln’s market strength and worldwide reach will enable Burlington Automation to continue to design leading manufacturing systems while better serving new and existing customers across our growing business.”
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 45 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries.
About Corporate Finance Associates
Corporate Finance Associates is one of the top ten investment banks in North America. Founded in 1956, it has 20 offices in North America and 14 affiliates in Europe, Asia and South America. Since it’s founding, CFA has completed more than 5,000 transactions.
For more information contact:
Douglas Nix, CA | Vice Chairman CFA
905 845 4340 ext. 211