IPG Photonics Corp. of Oxford, Mass., and Lincoln
Electric Holdings Inc. of Cleveland have announced the formation of a strategic
partnership to explore global opportunities in the high-power laser welding and
cutting market. The former company is a high-power fiber laser and amplifier provider,
and the latter specializes in arc welding and cutting products. Lincoln Electric
selected IPG to be part of its strategic supplier vendor list in its effort to enhance
supply chain and technology development relationships with critical industry partners.
Under the agreement, the two companies will jointly provide expanded turnkey hybrid
fiber laser-metal inert gas welding solutions to international industrial customers.
The contract also addresses cooperative sales, applications development and marketing.