CLEVELAND, Nov. 18, 2014 /PRNewswire/ -- The Lincoln Electric Company, a subsidiary of Lincoln Electric Holdings, Inc., announced today 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 in North 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.
About Lincoln Electric
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 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.
EWI is the leading engineering and technology organization in North America dedicated to advanced materials joining and allied manufacturing technologies. Since 1984, EWI has provided applied research, manufacturing support, and strategic services to leaders in the aerospace, automotive, consumer products, electronics, medical, energy & chemical, government, and heavy manufacturing industries. By matching expertise in materials joining, forming, and testing to the needs of forward-thinking manufacturers, EWI is successful in creating effective solutions in product design and production.
SOURCE The Lincoln Electric Company