Wedoany.com Report-Aug. 6, Lincoln Electric, based in Cleveland, Ohio, USA, announced on August 6, 2025, the complete acquisition of Alloy Steel Australia and its related businesses. The financial terms of the transaction were not disclosed, but the deal is expected to enhance Lincoln Electric’s earnings, contributing an estimated $0.13–0.15 per diluted common share annually, excluding transaction costs.

Lincoln Electric expects the deal to be accretive to its earnings.

This acquisition follows Lincoln Electric’s initial purchase of a 35% stake in Alloy Steel on April 1, 2025. Headquartered in Perth, Australia, Alloy Steel specializes in proprietary wear plate solutions, engineering services, and digital monitoring technologies, primarily serving the mining industry in the Asia-Pacific region. These products help extend asset lifespan and reduce operational downtime.

Steven B. Hedlund, chairman, president, and CEO of Lincoln Electric, stated: “We are pleased to welcome the Alloy Steel team to Lincoln Electric to expand our presence in the attractive maintenance and repair sector. Customers are increasingly investing in maintenance to extend the life and maximise the productivity, safety and energy efficiency of their assets. We are looking forward to expanding their innovative wear plate solution globally and scaling its reach beyond the Asia-Pacific mining sector.”

Alloy Steel generates approximately $50 million (A$77.41 million) in annual revenue, and its financial performance will now be integrated into Lincoln Electric’s International Welding Segment. The acquisition complements Lincoln Electric’s existing portfolio of maintenance and repair solutions, which cater to industries such as mining, steel, agriculture, and general manufacturing.

By incorporating Alloy Steel’s advanced technologies, Lincoln Electric aims to strengthen its global offerings, particularly in maintenance and repair, to improve asset efficiency and support sustainable practices across multiple sectors. This strategic move enhances Lincoln Electric’s market position and supports its goal of delivering innovative solutions to a broader customer base worldwide.