CLEVELAND — The Lincoln Electric Company, a subsidiary of Lincoln Electric Holdings, Inc., announced Tuesday that it has acquired the assets of the privately held live arc welding training system manufacturer, RealWeld Systems, Inc., and the associated intellectual property from EWI.
"RealWeld Systems' RealWeld Trainer solution offers hands-on arc welding training and evaluation, which complements our existing educational offering and strengthens our position as a market leader in welding education inNorth America," said Michael Mintun, Senior Vice President, North America Sales & Marketing.
"EWI developed RealWeld's technology to advance welding training and help establish industry-accepted credentials for welders," said Henry Cialone, President of EWI. "We are thrilled that Lincoln Electric shares our vision for the RealWeld Trainer in its ability to educate and deliver skilled, production-ready welders for the manufacturing workforce."
Terms of the transaction were not disclosed.
Lincoln Electric is a designer, developer and manufacturer of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 48 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric and its products and services, visit the company's website at www.lincolnelectric.com.
