Lincoln Electric Holdings and IPG Photonics have collaborated to explore the opportunities available in the global high-power laser cutting and welding market. IPG Photonics develops optical fiber-based lasers for various applications, while Lincoln Electric designs and manufactures robotic arc-welding systems and welding products.
Lincoln Electric chose IPG as a strategic supplier vendor to improve the development relationships of supply chain and technology with industry partners. The agreement will allow the companies to offer extended turnkey hybrid fiber laser-MIG welding systems to global industrial consumers.
In addition, the collaboration will involve marketing efforts, application development and cooperative sales and will provide a number of benefits such as system integration, rapid commercialization, enhanced business processes and shared technology development. The partnership will allow the companies to venture into new applications, markets and consumers.
Lincoln Electric’s CEO and Chairman, John M. Stropki stated that the strategic agreement allows both companies to deliver integrated laser welding systems to the industry. He added that consumers in the general fabrication, energy, automotive and construction sector would benefit from the laser systems.
Source: http://www.ipgphotonics.com