Posted to News on 8th Apr 2021, 08:58
ESAB in Xpansive mood
Meanwhile plans gather pace to become independent publicly traded company
ESAB is holding its ESAB Europe Xpanse event virtually from 27-29 April 27-29, featuring more than 50 recent product introductions that address the needs of every market segment, as well as online classroom opportunities with ESAB University.
Highlights include online data management and analytic applications that are easy to deploy and use, wire feeders that redefine robustness and productivity, portable inverters, energy-efficient heavy-industrial solutions, a combination high-precision plasma and waterjet cutting system, filler metals, mechanised welding systems, lightweight manual plasma cutters and personal protective equipment.
“To understand the breadth and depth of our ability to solve challenges, as well as an opportunity to interact with our application experts, I would encourage participation in the ESAB Europe Xpanse virtual event,” says Mikael Mimer – director of product marketing – Europe, ESAB. “Even our trade show experience is innovative, providing an industry-first-of-its-kind immersive experience that replicates our tradeshow stand. Until we can gather in person, Xpanse is an unmatched learning opportunity.”
Independence countdown
On 4 March, ESAB’s parent company Colfax Corporation announced its intention to separate its ESAB fabrication technology business and its specialty medical technology businesses into two differentiated, independent and publicly traded companies.
ESAB is expected to be comprised of Colfax’s Fabrication Technology operating segment, which is forecasted to generate revenue of approximately $2.2 billion in 2021. The separation is intended to be structured in a tax-free manner and is targeted to be completed in the first quarter of 2022. Shyam Kambeyanda, ESAB’s chief executive officer, will continue to lead the fabrication technology company, which will remain headquartered in Maryland, USA.
“As part of Colfax since 2012, ESAB has been significantly strengthened,” states Johan Fransson, managing director Europe, ESAB. “There was $1.6 billion invested in acquisitions to create the only truly global welding and cutting business, our market-leading innovation engine was created and we used the Colfax Business System to significantly improve our ability to serve customers.
"We are ready and excited to again become independent and focus even more resources on solving customer challenges through welding and cutting innovations.”
