Lincoln Electric Acquires Vanair

Lincoln Electric Holdings, Inc. has acquired Vanair Manufacturing, LLC, a privately held Michigan City, Indiana-based manufacturer of mobile power solutions serving the U.S. service truck market. 

Vanair offers a comprehensive portfolio of mobile power solutions, including vehicle-mounted compressors, generators, welders, hydraulics, chargers/boosters, and electrified power equipment.

Their equipment portfolio complements Lincoln Electric’s maintenance and repair consumable offering and builds upon the joint development equipment initiatives the two companies have pursued.  

“We are pleased to welcome the Vanair team to Lincoln Electric. Vanair is renowned for their leading high-quality manufacturing, innovation, and engineering expertise in the fast-growing maintenance and repair service truck market,” said Steven B. Hedlund, Lincoln Electric’s President and Chief Executive Officer. “By joining together, Lincoln Electric will capitalize on this channel opportunity to  accelerate growth and broaden our technology platform for long-term value creation.” 

Vanair’s annual revenue is approximately $100 million, and its EBIT margin is low, at just over double digits. Its results will be reported in the Americas Welding Segment.