Maryland-based, Esab Welding & Cutting products will acquire Sandvik Materials Technologys (SMTs) welding wire operations.
The scope of the deal includes units in Sandviken, Sweden, and Scranton, Pennsylvania, as well as the global sales and product management organization. With the acquisition, Esab will be acquiring Sandviks portfolio of solid welding wire and rods, flux-cored wire, stick electrodes, strip electrodes, flux, thermal spray wire, and weld finishing chemical products. The acquisition should be completed within two-four months.
We are excited by the opportunity to better serve customers with a broader and enhanced portfolio of stainless steel and nickel filler metals, says Shyam Kambeyanda, President of Esab.