Posted to News on 4th Mar 2014, 14:17
Colfax acquires Victor Technologies Holdings, Inc.
ESAB, a member of the Colfax group of companies, has announced that Colfax has entered into a binding agreement to acquire Victor Technologies Holdings, Inc. ("Victor"). The acquisition brings together two organisations with world-class products, technologies and R&D.
In its 110th year, ESAB is one of the largest and most experienced manufacturers of welding and cutting products with sales and support established in 80 countries and manufacturing plants across five continents. Victor has a century-long history of innovation and is recognised for its brands including Victor, Tweco, Cigweld and Stoody, which are manufactured, sold and serviced around the globe.
The combination of ESAB and Victor creates a broader and comprehensive product portfolio for the global welding and cutting industry. With large, well-diversified geographic footprints, ESAB and Victor will together deliver more value to more customers in more areas of the world.
Clay Kiefaber, President & CEO ESAB, says: "Together, we'll use our combined geographic reach, product technologies, channel resources, and most importantly, organisational talent, to provide innovative welding and cutting solutions for our customers."
ESAB places strong emphasis on constant innovation and improvement guided by the voice of the customer. The Colfax Business System (CBS) will drive ESAB and Victor's joint efforts to develop new products, provide added value to existing products, and deliver differentiated customer products.
To learn more about welding and cutting products from ESAB, and for information on Colfax and Victor, please visit www.esab.com.
