The design of that pair of modified Vise Grips is similar to something Grip-On, the Spanish locking plier manufacturer makes.
The Grip-On model I'm referring to is the axial plier W/928-07 model. The grip-On model only has one two jaws whereas your pliers have 3, but they may have been designed for the same or similar purpose. Grip-On describes the pliers use as.
"Clamps lap joints allowing four consecutive spot welds without tool removal"