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

People & Company News

Viking Neptun Delivered for Technip

Viking Neptun was delivered from Kleven Verft to Eidesvik on February 17, and the naming ceremony was held in Stavanger on February 28. The vessel’s Godmother,

Royal Caribbean to Sell Splendour of the Seas

Royal Caribbean Cruises Ltd. announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in the second quarter of 2016.

Johan Sverdrup Contract to "Pioneering Spirit"

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field.   The vessel will be installing the topsides for the drilling,

Technology

Record Thames Ridership

A record 9.8 million passengers are using the River Thames‎, two years on from the launch of the Mayor's River Action Plan, it was announced today. The River Action Plan,

1st lifejacket for Working at heights

The first lifejacket custom-designed specifically for offshore personnel carrying out rope access or work at height has been developed by Survitec Group, the

Ice Coverage on Great Lakes 89 pct: NOAA

Ice coverage on the Great Lakes is nearing 90 percent, reveals high resolution satellites images from National Oceanic and Atmospheric Administration (NOAA).   The entire Great Lakes is at 88.

News

Viking Neptun Delivered for Technip

Viking Neptun was delivered from Kleven Verft to Eidesvik on February 17, and the naming ceremony was held in Stavanger on February 28. The vessel’s Godmother,

Royal Caribbean to Sell Splendour of the Seas

Royal Caribbean Cruises Ltd. announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in the second quarter of 2016.

Johan Sverdrup Contract to "Pioneering Spirit"

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field.   The vessel will be installing the topsides for the drilling,

Mergers & Acquisitions

MOL Expands Container Fleet

Mitsui O.S.K. Lines, Ltd. has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries. MOL also concluded an MOU for long-term chartering of two 20,

VLCCF - 4Q & FY 2014 Results

Knightsbridge Shipping Limited ( VLCCF ) reports net income of $5.2 million and earnings per share of $0.06 for the fourth quarter compared with a net loss of $6.

NMM lines up Box Buy

Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration,

 
 
Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3360 sec (3 req/sec)