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from Wikipedia
Key Information
ESAB, Elektriska Svetsnings-Aktiebolaget (English: Electric Welding Limited company), is an American-Swedish industrial company.[1]
The ultimate parent company of ESAB is ESAB Corporation, a New York Stock Exchange listed (Ticker: ESAB) with its principal executive office in North Bethesda, Maryland, U.S.[2]
ESAB products includes a fabrication technology arm, which includes welding, cutting, gas control, PPE, software, and robotic equipment and a separate gas control portfolio focused on healthcare, industrial, and specialty gas control solutions.[3][4]
History
[edit]The company was founded in 1904 by Swedish businessman Oscar Kjellberg in Gothenburg, Sweden. The company sells equipment for welding and cutting.
Other notable CEO was Lars Westerberg who ran ESAB for three years.
The ESAB was acquired by Charter International in 1994.
The ESAB group was acquired by Colfax Corporation on 13 January 2012.
Following the purchase, the CEO of Colfax, Clay Kiefaber, stepped down to the president role of ESAB and was replaced by Steve Simms.
The ESAB group acquired the Welding Wire business of Sandvik effective February 1, 2018. The acquisition included production units in Scranton, PA, and Sandviken, Sweden; the technical sales and product management organization; as well as multiyear strategic collaboration on R&D for future product developments.[5]
On April 5, 2022, Colfax Corp. (now Enovis Corp.) distributed 100% of the shares of ESAB Corporation to Colfax shareholders.[2] The spin-off transaction was registered with the U.S. Securities and Exchange Commission through a Form 10-12B registration statement.[6] An Information Statement was sent to Colfax shareholders. [7]
On October 17, 2022, ESAB Corporation announced the acquisition of Ohio Medical, a global leader in oxygen regulators and central gas systems for the healthcare industry.[8]
Critics
[edit]In January 2024 ESAB was added to Ukraine's list of International Sponsors of War for continuing to operate and expand business in Russia.[9]
References
[edit]- ^ "Business Wire".
- ^ a b Publisher, Stainless Steel World (2022-04-11). "ESAB as an independent, publicly-traded company". Stainless Steel World.net. Retrieved 2022-10-25.
- ^ "ESAB Corporation Acquires Ohio Medical". www.yahoo.com. Archived from the original on 2022-10-26. Retrieved 2022-10-26.
- ^ Wilen, Holden (9 March 2021). "These two executives will lead new Maryland-based public company after Colfax's split". Baltimore Business Journal. Retrieved 29 June 2023.
- ^ "ESAB COMPLETES ACQUISITION OF SANDVIK WELDING BUSINESS". esab.co.uk. 1 February 2018. Retrieved 4 August 2018.
- ^ "EDGAR Filing Documents for 0001193125-22-077739". www.sec.gov. March 17, 2022. Retrieved 2024-05-07.
- ^ "EX-99.1". www.sec.gov. Retrieved 2024-05-07.
- ^ gasworld (2022-10-18). "ESAB expands expertise through Ohio Medical acquisition". gasworld. Retrieved 2022-10-25.
- ^ "The American-Swedish company ESAB has been added to the list of international sponsors of the war". 25 January 2024.
- "ESAB Corporation Completes Separation From Enovis and Launches as an Independent, Publicly Traded Company". www.businesswire.com. 2022-04-05. Retrieved 2022-04-05.
External links
[edit]- Official website
- Business data for ESAB Corporation:
from Grokipedia
ESAB Corporation is a multinational corporation headquartered in the United States, with origins in Sweden, specializing in fabrication technologies including welding equipment, cutting systems, consumables, automation, and gas control solutions.[1] Founded in 1904 by Swedish engineer Oscar Kjellberg, the company pioneered the development of the world's first coated welding electrode, establishing a foundation for modern arc welding processes.[2] Over its 120-year history, ESAB has expanded globally, serving industries such as construction, shipbuilding, automotive, and energy through innovative products that enhance productivity and precision in metal fabrication.[3]
The company's defining achievements include continuous advancements in welding consumables, power sources, robotic welding systems, and plasma cutting technologies, which have set industry standards for reliability and efficiency.[2] ESAB's portfolio encompasses a broad range of equipment for manual and automated applications, supported by software for process optimization and personal protective equipment for safety.[4] As a publicly traded entity since its spin-off from Colfax Corporation in 2021, ESAB maintains a focus on research and development, investing in connected fabrication solutions that integrate digital tools for improved workflow and quality control.[1] These efforts have positioned ESAB as a key supplier in high-demand sectors, contributing to infrastructure projects and manufacturing advancements worldwide.[5]
These figures reflect ESAB's emphasis on profitability over volume growth, with gross margins around 38% supported by premium product pricing and supply chain optimizations.[52]
History
Founding and Pioneering Innovations
ESAB was founded in 1904 in Gothenburg, Sweden, by engineer Oscar Kjellberg, who invented the world's first coated welding electrode that year, stabilizing the electric arc and shielding the weld from oxidation for improved reliability in manual arc welding.[3][2] This breakthrough addressed limitations of bare electrodes, which produced inconsistent arcs and porous welds, and led Kjellberg to establish Elektriska Svetsnings-Aktiebolaget (Electrical Welding Limited Company, abbreviated ESAB) to manufacture and sell the electrodes commercially.[3] By 1907, ESAB had produced its first welding machines, marking the company's entry into equipment production alongside consumables.[2] Early innovations under Kjellberg's leadership demonstrated welding's structural potential, including the 1920 launch of ESAB IV, the first fully welded vessel certified by Lloyd's Register, measuring 16 meters by 4 meters and proving the method's viability for shipbuilding amid rising demand during World War I.[2] In 1923, ESAB introduced the KE 225, its inaugural welding transformer, enhancing power delivery for industrial applications.[2] Kjellberg received the gold medal from the Royal Swedish Academy of Engineering Sciences in 1927 for advancements in electric welding technology.[2] ESAB pioneered submerged arc welding (SAW) in 1937, a process using a granular flux to cover the arc, enabling high-speed, high-deposition welds essential for heavy plate fabrication in shipyards and pressure vessels.[3] This was followed in 1944 by the introduction of TIG (tungsten inert gas) welding, originally termed Heliarc, which employed an inert gas shield for precise, high-quality welds on reactive metals like aluminum and stainless steel, reducing contamination and improving control.[3] These developments, building on the coated electrode foundation, positioned ESAB as a leader in transforming welding from a niche repair technique to an industrial standard by the mid-20th century.[3]Expansion and Key Milestones
In the post-World War I period, ESAB initiated international expansion by establishing subsidiaries such as the Anglo Swedish Electric Welding Company in London and the Belgian-Swedish Electric Welding Company in Antwerp between 1914 and 1918 to support wartime and reconstruction demands.[2] Following World War II, the company ramped up production of welding machines, electrodes, and related equipment amid surging European demand during the 1940s, laying the groundwork for broader market penetration.[2] By the 1950s, ESAB accelerated global outreach through subsidiaries in France, Brazil, Austria, and Canada, capitalizing on postwar industrial recovery and emerging markets in Europe and the Americas.[2] The 1970s marked further geographical diversification with new subsidiaries in South Africa, Iraq, Angola, Algeria, Portugal, and Turkey, enabling localized manufacturing and sales amid oil booms and infrastructure projects in developing regions.[2] This era also saw ESAB pioneer robot welding systems, which supported scaled production and entry into automated fabrication sectors.[2] Through the 1980s and 1990s, sustained operational growth positioned ESAB as the second-largest supplier of welding systems in the United States, with expanded facilities and distribution networks enhancing its competitive foothold.[2] By the 2010s, innovations like high-speed submerged arc welding systems facilitated efficiency gains and market share increases in heavy fabrication industries worldwide.[3] As of 2024, ESAB operates across six continents and 147 countries, reflecting over a century of incremental expansion into diverse industrial applications from shipbuilding to energy infrastructure.[6] Key milestones include the 2018 opening of a new global headquarters in North Bethesda, Maryland, designed to foster collaborative innovation and streamline international operations.[3]Acquisitions, Ownership Changes, and Recent Spin-off
In 1994, Charter plc acquired ESAB, integrating it into its industrial portfolio alongside other entities like Howden Group.[7] On January 13, 2012, Colfax Corporation completed the acquisition of Charter International plc for approximately $2.8 billion, thereby gaining ownership of ESAB as part of Colfax's expansion into fabrication technologies.[8][9] Under Colfax's ownership, ESAB pursued bolt-on acquisitions to enhance its product lines, including Colfax's 2014 purchase of Victor Technologies Holdings, Inc. for $935 million, which bolstered ESAB's cutting equipment offerings through integration of brands like Victor and Thermadyne.[10][11] Between 2017 and the spin-off, ESAB executed six such acquisitions to broaden geographic reach and technological capabilities, contributing to revenue growth from $2.2 billion projected at separation.[12][13] Colfax announced plans to separate its businesses in March 2021, aiming to create two focused entities: one for medical technologies (later Enovis) and ESAB for fabrication.[13] The spin-off completed on April 5, 2022, with Enovis distributing approximately 54 million ESAB shares to shareholders on a one-for-three basis and retaining about 6 million shares for debt reduction, enabling ESAB to operate as an independent public company listed on the NYSE under ticker ESAB.[14][15] Post-independence, ESAB accelerated inorganic growth, acquiring Ohio Medical, LLC in October 2022 for an undisclosed cash amount to enter the medical gas systems market.[16] In 2025, ESAB continued its acquisition strategy with purchases in medical gas controls, including DeltaP (a European manufacturer of central gas systems) and another unnamed entity in the sector, as reported in its Q2 earnings.[17] On June 26, 2025, ESAB announced the €275 million acquisition of EWM GmbH, a German welding equipment firm expected to add €120 million in annual revenue and close product gaps in heavy-duty applications, with completion anticipated in late 2025.[18] Additionally, in July 2025, ESAB finalized the purchase of Aktiv Technologies to expand its medical gas manufacturing and innovation footprint globally.[19] Earlier precedents include 1990 acquisitions of Alloy Rods Corporation and All State Welding Products, plus AlcoTec in 1995, which strengthened ESAB's consumables portfolio prior to Colfax ownership.[2]Products and Technologies
Welding Consumables and Equipment
ESAB manufactures a broad portfolio of welding power sources and related equipment designed for industrial and professional applications. These include inverter-based systems supporting processes such as gas metal arc welding (GMAW/MIG), shielded metal arc welding (SMAW/stick), gas tungsten arc welding (GTAW/TIG), and multi-process configurations. Heavy industrial equipment features high-amperage power supplies exceeding 300 amperes for high-productivity tasks, paired with advanced wire feeders like the PreciDrive system optimized for high-volume fabrication.[20] Light industrial models operate below 300 amperes, emphasizing portability, rugged impact-resistant casings, and intuitive controls suitable for shop or field use by professionals and hobbyists.[20] Torches and guns complement these power sources, with options for gas-cooled and liquid-cooled designs, including ergonomic models and specialized gouging torches for heavy fabrication. Accessories such as tips, nozzles, gas diffusers, liners, and spatter protection ensure operational reliability across MIG, TIG, and stick processes. ESAB's equipment lineup supports diverse applications, from construction and shipbuilding to automotive and pressure vessel manufacturing, with features like tangle-free wire delivery enhancing efficiency in automated or manual setups.[20][21] Welding consumables from ESAB encompass filler metals tailored to join mild steel, stainless steel, aluminum, nickel alloys, low alloys, copper, and cobalt-based materials. Key offerings include stick electrodes for SMAW, solid and flux-cored wires for GMAW, TIG filler rods, and submerged arc welding (SAW) wires and fluxes, classified per standards like AWS specifications for corrosion resistance and mechanical properties. The Marathon Pac Ultra series provides high-capacity bulk packaging for MIG wires in steel, stainless steel, aluminum, and copper alloys, featuring reinforced, recyclable spools with corrosion-resistant linings to minimize downtime in high-volume welding.[22][21] These consumables address demanding environments, including offshore wind structures, nuclear facilities, and hardfacing applications requiring wear resistance. ESAB maintains comprehensive support through filler metal databooks and selectors to match products to base metals and processes, ensuring compliance with industry codes for structural integrity.[22] Safety-related consumables, such as personal protective equipment (PPE), integrate with the lineup to mitigate hazards in welding operations.[21]Cutting, Automation, and Gas Control Solutions
ESAB offers a portfolio of cutting solutions encompassing manual and automated plasma, oxy-fuel gas, and waterjet systems designed for precision fabrication across industries such as shipbuilding, heavy fabrication, and construction.[23] The company's plasma cutting systems, including the Cutmaster series under the Thermal Dynamics brand, provide outputs ranging from 30 to 100 amps, with models like the Cutmaster 102 delivering 100 amps of cutting power in a 62-pound unit supporting multiple voltage inputs for portable, high-efficiency operation on materials including mild steel, stainless steel, and aluminum.[24] Manual plasma cutters such as the HandyPlasma and Cutmaster lines emphasize durable electrodes, improved cut quality, and reduced downtime through features like long consumable life and efficient arc starts.[25] In automation, ESAB integrates CNC-driven systems for enhanced productivity, including the Crossbow series, a compact 5x10-foot plasma CNC cutter suited for mechanized production cutting with beveling capabilities.[26] These systems support processes like high-definition plasma, oxy-fuel, and waterjet, often paired with software for nesting and process control to minimize material waste and optimize throughput in demanding environments.[23] ESAB's broader automation extends to semi-automated welding solutions, such as submerged arc welding (SAW) tractors like the ICE™ series and robotic systems including cobots and Aristo Edge power sources, which enable consistent weld quality and integration with data monitoring for industrial applications.[27] Robotic packages feature advanced seam tracking and multi-process compatibility, targeting sectors requiring high-volume, repeatable fabrication. Gas control solutions form a core component, delivered through acquired brands like Victor, TurboTorch, and GCE, providing regulators, torches, and flow meters for precise management of industrial, specialty, and medical gases.[28] GCE, integrated into ESAB's offerings since 2018, specializes in high-pressure gas control equipment, including cylinder valves and manifolds for safe handling in welding, cutting, and laboratory settings.[29] Victor's lineup includes single- and multi-stage regulators with dual gauges for accurate pressure visualization and flow stability, essential for oxy-fuel cutting torches and heating applications, while emphasizing safety features like reverse-flow check valves.[30] These systems ensure reliable gas delivery, supporting ESAB's integrated fabrication workflows with minimal leakage risks and compliance to industry standards.[31]Notable Technological Advancements
ESAB's foundational innovation occurred in 1904 when founder Oscar Kjellberg patented the world's first coated welding electrode, a fluxed design that stabilized the arc, reduced spatter, and improved weld quality, revolutionizing manual metal arc welding and enabling broader industrial applications.[32][33] In 1955, through the acquisition of L-TEC Welding and Cutting Systems, ESAB incorporated the invention of plasma arc cutting, which uses a constricted ionized gas jet to achieve precise, high-speed cuts on conductive materials, significantly advancing thermal cutting processes over traditional oxy-fuel methods by offering faster speeds and cleaner edges on metals like stainless steel and aluminum.[2] A subsequent breakthrough came with Arcair, an ESAB subsidiary, developing the first underwater cutting and welding torch for the U.S. Navy, enabling safe, efficient operations in submerged environments by utilizing exothermic reactions for oxygen-fuel cutting without electrical hazards.[3] More recently, ESAB introduced ICE™ (Insulated Cold Electrode) technology in submerged arc welding (SAW), patented for inserting a non-energized, electrically insulated electrode into the molten weld pool alongside twin energized wires, which enhances deposition rates by up to 100%, improves weld bead profiles, and reduces flux consumption, thereby boosting productivity in heavy fabrication sectors like shipbuilding.[34] In digital advancements, ESAB's WeldCloud platform integrates IoT-enabled monitoring for real-time data on welding parameters, arc time, and equipment health, facilitating predictive maintenance, quality documentation, and process optimization, as demonstrated in industrial case studies showing productivity gains through cloud-based analytics.[35][36] ESAB also launched SmartJet Green oxy-hydrogen cutting technology, which replaces traditional hydrocarbon fuels with hydrogen-oxygen mixtures for automated steel cutting, reducing carbon emissions while maintaining cut speeds comparable to oxy-acetylene systems, aligning with decarbonization efforts in fabrication.[37]Operations and Business Performance
Global Manufacturing and Supply Chain
ESAB operates more than 28 manufacturing facilities worldwide, distributed across Europe, North America, South America, the Asia-Pacific region, and India to support regional production and customer proximity.[38][39] This footprint facilitates efficient fabrication of welding equipment, consumables, and cutting systems, leveraging local resources while maintaining global standards. In North America, a key site is the Denton, Texas facility, renovated and reopened on April 11, 2024, with full reliance on renewable energy sources and an integrated customer experience center for product demonstrations and training.[40] The company's supply chain emphasizes sourcing raw materials such as metals for electrodes and wires, though it has encountered constraints from geopolitical tensions, including the Russia-Ukraine conflict, which elevated costs and disrupted availability of certain inputs as of December 31, 2023.[41] Broader challenges include backlogs in raw materials, components, and labor, impacting production timelines amid post-pandemic recovery.[42] ESAB mitigates risks through diversified supplier networks; for instance, its 2023 conflict minerals reporting identified 362 smelters and refiners potentially in the chain for tin, tantalum, tungsten, and gold used in equipment components.[43] Logistics partnerships, such as with DB Schenker in the Czech Republic since 2010, handle high-volume material flows—up to 2,000 tons weekly—for European operations, integrating warehousing and distribution to streamline deliveries.[44] Overall, ESAB's structure across 47 countries and six continents, supported by approximately 9,000 associates, prioritizes resilience against supply volatility while aligning production with demand in fabrication-heavy industries.[45]Market Presence, Workforce, and Financial Metrics
ESAB Corporation operates as a global leader in the fabrication technology sector, with sales presence in 147 countries and manufacturing facilities spanning Europe, North America, South America, Asia-Pacific, and India.[5] The company maintains over 28 production sites worldwide, enabling localized supply chains and serving diverse industries such as construction, shipbuilding, automotive, and energy.[38] Its market position is bolstered by a portfolio of more than 40 industry-leading brands, positioning it as a key supplier of welding consumables, equipment, and automation solutions amid steady demand in infrastructure and manufacturing sectors.[38] As of December 31, 2024, ESAB employed approximately 9,300 associates across six continents and 47 countries, supporting operations from its world headquarters in North Bethesda, Maryland.[46] This workforce drives innovation and execution in core markets, with a focus on technical expertise in welding processes; employee numbers grew by about 3% year-over-year, reflecting acquisitions like SUMIG in South America.[47][48] Financially, ESAB recorded net sales of $2.74 billion for fiscal year 2024, down slightly from $2.77 billion in 2023, amid flat core organic growth offset by acquisitions and currency effects.[49] Net income attributable to ESAB shareholders rose to $265 million in 2024 from $204 million the prior year, driven by improved operating margins and cost efficiencies.[50] Adjusted EBITDA reached approximately $534 million over the trailing twelve months ending mid-2025, underscoring operational resilience in a competitive landscape.[51] Key metrics for recent years are summarized below:| Metric | 2024 | 2023 |
|---|---|---|
| Net Sales ($M) | 2,740 | 2,770 |
| Net Income ($M) | 265 | 204 |
| Adjusted EBITDA ($M) | ~534 (TTM) | N/A |