Thomson Geer has advised the owners of Perth-based Alloy Steel Australia (Int) Pty Ltd on the sale of the company to US multinational company Lincoln Electric for approximately A$209 million.
Lincoln Electric acquired 35 per cent of Alloy Steel earlier this year and has now acquired the remaining 65 per cent to obtain full ownership of the company.
Thomson Geer advised Alloy Steel on both transactions.
Alloy Steel is a privately held manufacturer of maintenance and repair solutions supplying 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 minimise operational downtime.
Lincoln Electric is a world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, operating in 20 countries and listed on the NASDAQ with a market cap of US$13 billion.
The transaction expands Lincoln Electric's presence in the maintenance and repair sector in Australia and the Asia-Pacific region.
Thomson Geer advised the owners of Alloy Steel on all facets of the transaction, including due diligence, tax, intellectual property, property, personnel and documentation for the transaction.
The team was led by Partner Hedley Roost, who said: "We are pleased to have advised the owners of Alloy Steel on this transformational deal that sees the company become part of a global engineering giant with the opportunity to expand the international reach of its products."
Hedley was supported by Partners Katrina Chambers, Cameron Forbes and Bridget Nunn, Senior Associates Melissa Oliveri, Jessica Taylor and Megan Bowman and Lawyer Josephine Singgih.