ESAB
ESAB, Elektriska Svetsnings-Aktiebolaget, is a Swedish industrial company.History
The company was founded by Oscar Kjellberg. In 1904 he pioneered the development of manual metal arc welding electrodes in Gothenburg, Sweden. The company sells equipment used in welding and cutting.
Other notable CEO was Lars Westerberg who ran ESAB for three years.
The ESAB group was acquired by Colfax Corporation on 13 January 2012.
Following the purchase, the CEO of Colfax, Clay Kiefaber, stepped down to the president role of ESAB and was replaced by Steve Simms.
The ESAB group acquired the Welding Wire business of Sandvik effective February 1, 2018. The acquisition included production units in Scranton, PA, and Sandviken, Sweden; the technical sales and product management organization; as well as multiyear strategic collaboration on R&D for future product developments.
