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Contents

   



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1 History  




2 References  




3 External links  













ESAB






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From Wikipedia, the free encyclopedia
  

ESAB Corporation
Company typePublic company

Traded as

  • S&P 400 component
    • IndustryManufacturing, welding, fabrication
    Founded1904; 120 years ago (1904)inGothenburg, Sweden
    FounderOscar Kjellberg
    HeadquartersNorth Bethesda, Maryland, U.S.

    Area served

    		Worldwide

    Key people

    • Shyam Kambeyanda, CEO
  • Mitchell Rales, Chairman of the Board

    • Number of employees

    		9,000 (2022)
    ParentESAB Corporation
    Websiteesab.com
    ESAB headquarters in Gothenburg.

    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] View the company's SEC filingsonEDGAR.

    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]

    History[edit]

    The company was founded in 1904 by Swedish businessman Oscar KjellberginGothenburg, Sweden. The company sells equipment used in 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.[4]

    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.[5]AnInformation Statement was sent to Colfax shareholders. [6]

    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.[7]

    In January 2024 ESAB was added to Ukraine's list of International Sponsors of War for continuing to operate and expand business in Russia.[8]

    References[edit]

    1. ^ "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. Retrieved 2022-10-26.
  • ^ "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.

    • External links[edit]


    Retrieved from "https://en.wikipedia.org/w/index.php?title=ESAB&oldid=1222987669"
    Categories: 
    ●Companies listed on the New York Stock Exchange
     ●Companies based in Montgomery County, Maryland
     ●Swedish companies established in 1904
     ●Manufacturing companies of Sweden
     ●Companies in the S&P 400
     Hidden categories: 
    ●Articles with short description
     ●Short description matches Wikidata
     ●Articles containing explicitly cited English-language text
     ●Official website different in Wikidata and Wikipedia
     ●Articles with VIAF identifiers
      


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