Cleveland, Ohio, US-based Lincoln Electric has announced the full acquisition of Alloy Steel Australia, including its related businesses.

Financial details of the deal were not shared. Lincoln Electric expects the deal to be accretive to its earnings.

Excluding transaction costs, the addition of Alloy Steel is projected to increase Lincoln Electric's earnings by $0.13–0.15 per diluted common share annually.

The completion of this transaction follows Lincoln Electric's initial acquisition of approximately 35% ownership in Alloy Steel on 1 April 2025.

Headquartered in Perth, Australia, Alloy Steel is a privately held manufacturer known for its proprietary wear plate solutions, engineering services and digital monitoring.

These offerings are primarily supplied to the mining sector in the Asia-Pacific region to extend asset life and minimise operational downtime.

Lincoln Electric chairman, president and CEO Steven B. Hedlund said: “We are pleased to welcome the Alloy Steel team to Lincoln Electric to expand our presence in the attractive maintenance and repair sector.

“Customers are increasingly investing in maintenance to extend the life and maximise the productivity, safety and energy efficiency of their assets. We are looking forward to expanding their innovative wear plate solution globally and scaling its reach beyond the Asia-Pacific mining sector.”

The integration of Alloy Steel's offerings is set to complement Lincoln Electric's existing range of maintenance and repair solutions, which serve various sectors including mining, steel, agriculture and industry.

Alloy Steel's annual revenue stands at approximately $50m (A$77.41m), and its financial results will now be included in Lincoln Electric's International Welding Segment.