In a statement, Lincoln Electric said it took full control after acquiring the remaining 65% ownership stake in the business. It did not disclose terms. In April 2025, Lincoln acquired an approximate 35% ownership interest. 

Alloy Steel is a privately held manufacturer of maintenance and repair solutions headquartered in Perth, Australia.

It supplies proprietary wear plate solutions, engineering services and digital monitoring to the mining sector primarily in the Asia Pacific region to help customers extend asset life and minimize operational downtime.

Lincoln Electric said Alloy Steel’s offerings complement Lincoln Electric’s current portfolio of maintenance and repair solutions for mining, steel, agricultural, and industrial applications.

“We are pleased to welcome the Alloy Steel team to Lincoln Electric to expand our presence in the attractive maintenance and repair sector,” said Steven B. Hedlund, Lincoln Electric’s chair, president and chief executive officer.

“Customers are increasingly investing in maintenance to extend the life and maximize 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.”