Colfax Acquires Victor Technologies

Posted by Michelle Howard
Thursday, February 13, 2014

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.


The acquisition brings together two leading organizations 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 recognized for its leading brands, including Victor, Tweco, Cigweld and Stoody, which are manufactured, sold and serviced around the globe.


The combination of ESAB and Victor creates a comprehensive product portfolio that brings a broader array of solutions to the global welding and cutting industry. Two of the leading suppliers in the industry, both with large, well-diversified geographic footprints, ESAB and Victor will together deliver more value to more customers in more areas of the world.


"Together, we'll use our combined geographic reach, product technologies, channel resources, and most importantly, organizational talent, to provide innovative welding and cutting solutions for our customers,” said Clay Kiefaber, President & CEO ESAB.


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 solutions.
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

US Approves Ferry Service to Cuba

The United States Treasury Department has authorized passenger ferry services to Cuba for the first time in more than a half-century, in a major step in improving relations between the two countries.

Targa: Splitter, Terminal with Noble Still Under Consideration

Targa Resources Partners LP is working closely with Noble Group as Asia's biggest commodity trader evaluates whether to move forward a deal to support a Targa-built condensate splitter,

Aqueos Adds OSV to Service Line

Aqueos Corporation, a provider of subsea services to the Gulf of Mexico and Pacific Coast, has entered into a long term time charter of the OSV Clean Ocean, a California

Technology

New Ships Meet 2020 Design Standard

A new CE Delft study has revealed that many recently constructed ships already meet the International Maritime Organization’s (IMO) design efficiency standard for 2020, says Pan European Networks.

Golar Mulls Third FLNG deal

Golar LNG has signed a binding Heads of Terms with Ophir Energy Plc for the provision of the GoFLNG vessel Gimi.   Golar has started discussions with partners

Tampnet, Marlink Partner for Offshore 4G Services

New low latency mobile communication services set to improve support of offshore vessel operations   Marlink and Tampnet have signed a partner agreement for the

News

Shipping Industry Faces Major Dilemma on BWM

The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned

US Approves Ferry Service to Cuba

The United States Treasury Department has authorized passenger ferry services to Cuba for the first time in more than a half-century, in a major step in improving relations between the two countries.

Golar Mulls Third FLNG deal

Golar LNG has signed a binding Heads of Terms with Ophir Energy Plc for the provision of the GoFLNG vessel Gimi.   Golar has started discussions with partners

Mergers & Acquisitions

Hertel Offshore Renamed CKT Projects

Hertel has announced the acquisition of Hertel by Altrad  for its worldwide access solutions, insulation, corrosion protection and mechanical businesses. Hertel

XPO Acquires Port Trucker Bridge Terminal

XPO Logistics has made a deal to acquire Bridge Terminal Transport (BTT) Services, one of the largest motor carriers serving ports and intermodal facilities in the United States, for $100 million.

Gauthiers’ Announces Modex Merger

Gauthiers’ announced the acquisition of an equity share of Modex, an international manufacturer of DNV-certified offshore equipment. As part of the transaction,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3422 sec (3 req/sec)