ESAB Corp to Acquire the Welding Business of Linde Bangladesh, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
ESAB Corporation (NYSE:ESAB) announced its agreement to acquire Linde Industries Private Limited (LIPL), a leading welding consumables and equipment company in Bangladesh. The acquisition, which is ESAB's third this year, aims to strengthen its market presence in South Asia. Financial terms were not disclosed.
May 30, 2024 | 10:32 am
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ESAB Corporation announced its acquisition of Linde Industries Private Limited, a leading welding consumables and equipment company in Bangladesh. This move aims to strengthen ESAB's market presence in South Asia and is expected to be margin accretive.
The acquisition of LIPL by ESAB is a strategic move to expand its market presence in the fast-growing South Asian region. The deal is expected to be margin accretive, indicating potential positive financial impact. This is ESAB's third acquisition this year, showing a strong growth strategy.
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