Danish Robotics Firm Inrotech acquired by major American corporation
The Odense-based robotics firm Inrotech has been acquired by the American company Lincoln Electric, a global leader in welding solutions. Inrotech can now unlock the immense untapped potential of their technology, according to the CEO.
Next generation of welding solutions
Lincoln Electric views Inrotech as a strategic addition to their portfolio, enhancing their next-generation welding solutions.
Lincoln Electric views Inrotech as a strategic addition to their portfolio, enhancing their next-generation welding solutions. Mike Whitehead, Senior Vice President of Lincoln Electric, stated, “We are thrilled to welcome the Inrotech team to Lincoln Electric. Expanding the reach of their automated welding systems across a broader range of Lincoln products enables us to deliver the next generation of welding solutions.”
“We are excited to join Lincoln Electric and realize the immense untapped potential our technology offers to customers worldwide. By combining our innovative solutions with Lincoln’s extensive expertise in welding and automation, we can offer unparalleled value.”
Inrotech has experienced both challenges and successes over the years, but recent developments have solidified its position in the market. In 2023, the company reported a profit of 1.2 million DKK. The primary shareholder of Inrotech is Clausen Group, owned by Peter Mads Clausen.
Lincoln Electric, established in 1895 by brothers John and James Lincoln in Cleveland, continues to expand its global footprint with strategic acquisitions like Inrotech. The synergy between Inrotech’s pioneering technology and Lincoln Electric’s industry expertise promises exciting advancements in automated welding solutions.
At the same time, this acquisition is expected to bolster Inrotech’s growth and innovation, contributing significantly to the dynamic robotics ecosystem in Odense.
About Inrotech
Inrotech, founded in 2007, specializes in developing welding robots that utilize vision technology to perform welding tasks without pre-programming. These robots are particularly used in heavy industries, such as shipyards and wind turbine tower welding. The company, which employs 40 people, will now be integrated into Lincoln Electric’s extensive global operations, which include 44 factories and 12,000 employees.
Inrotech is involved in projects at the Center for Large Structures (LSP) located at Odense Port. To address the lack of production capacity, researchers from SDU, in collaboration with Inrotech and Bladt Industries, are developing a new type of robot that can weld at heights of 15, 20, and possibly even up to 50 meters. This new robot will make the production of wind turbine foundations faster and cheaper, contributing significantly to the green transition.
Further information
Martyna Waliszewska
Investment Manager - Investments
An engineer by trade, Odenseaner by heart. My focus lies within identifying investor-ready cases, developing our investor network of business angels, venture capital, and corporate venture capital, and bridging the investment gap. Ultimately, we are creating growth through investments in the robotics, drones, and automation industries.
+45 6115 3259
marwa@odense.dk
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