ESAB, ''Elektriska Svetsnings-

Aktiebolag ''Aktiebolag'' (, " stock company") is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated AB (in Sweden), Ab (in Finland), or, rarely, A/B (dated), roughly equivalent to the abbreviations ''Ltd ...

et'' ( en, Electric Welding Limited company), is an American Swedish industrial company. The ultimate parent company of ESAB is ESAB Corporation, a New York Stock Exchange listed (Ticker
ESAB
with its principal executive office in North Bethesda, Maryland U.S.A. On February 22, 2022 ESAB Corporation "ESAB" filed a Form 10-12B registration statement "the Form 10" with the U.S. Securities and Exchange Commission for a spin-off from Colfax Corp. ESAB started the registration process with a series of confidential filings with the SEC starting in August 2021. ESAB is incorporated in Delaware and maintains its principal executive offices in North Bethesda, Maryland U.S.A. The Form 10 states that Colfax intends to distribute "...90% of the outstanding shares of ESAB common stock to current Colfax stockholders." ESAB Corporation's portfolio includes a fabrication technology arm, which includes welding, cutting, gas control, PPE, software, and robotic equipment and a separate gas control portfolio focused on healthcare, industrial, and specialty gas control solutions.

History

The company was founded by

Oscar Kjellberg Oscar Kjellberg (21 September 1870 – 5 July 1931) was a Swedish inventor and industrialist. He founded Elektriska Svetsnings-Aktiebolaget (ESAB ESAB, ''Elektriska Svetsnings-Aktiebolaget'' ( en, Electric Welding Limited company), is an Amer ...

. In 1904 he pioneered the development of

manual metal arc welding Shielded metal arc welding (SMAW), also known as manual metal arc welding (MMA or MMAW), flux shielded arc welding or informally as stick welding, is a manual arc welding process that uses a consumable electrode covered with a flux to lay the we ...

electrodes in

Gothenburg Gothenburg (; abbreviated Gbg; sv, Göteborg ) is the second-largest city in Sweden, fifth-largest in the Nordic countries, and capital of the Västra Götaland County. It is situated by the Kattegat, on the west coast of Sweden, and has ...

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

. The company sells equipment used in

welding Welding is a fabrication (metal), fabrication process that joins materials, usually metals or thermoplastics, by using high heat to melt the parts together and allowing them to cool, causing Fusion welding, fusion. Welding is distinct from lower ...

and

cutting Cutting is the separation or opening of a physical object, into two or more portions, through the application of an acutely directed force. Implements commonly used for wikt:cut, cutting are the knife and saw, or in medicine and science the scal ...

. Other notable CEO was Lars Westerberg who ran ESAB for three years. The ESAB was acquired by

Charter International Charter International plc was a large British engineering business based in London. It was acquired by Colfax Corporation in January 2012. History The British South Africa Company was founded in 1889 by Royal Charter.

in 1994. The ESAB group was acquired by

Colfax Corporation Enovis (formerly Colfax Corporation) is a medical technology company, with a particular focus in orthopedics. Headquartered in Wilmington, Delaware, the company is listed on the NYSE as ENOV. The company has over 5,000 employees operating at 12 ...

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 Sandvik AB is a Swedish multinational engineering company specializing in metal cutting, digital and additive manufacturing, mining and construction, stainless and special steel alloys, and industrial heating. The company was founded in Sweden ...

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. ESAB became a publicly traded, independent company under ESAB Corporation on April 5, 2022 following the spin-off from Colfax. Shyam Kambeyanda was appointed President and Chief Executive Officer of the new corporation. On October 17, 2022, ESAB Corporation announced the acquisition of Ohio Medical, a global leader in oxygen regulators and central gas systems for the healthcare industry.

References

External links

{{Authority control __FORCETOC__ Companies established in 1904 Companies listed on the New York Stock Exchange Companies based in Montgomery County, Maryland