ESAB announced it has signed a definitive agreement to acquire Eddyfi Technologies for $1.45 billion, positioning the industrial company to offer an expanded end-to-end workflow spanning fabrication, inspection, and monitoring. ESAB described Eddyfi as a global leader in advanced inspection and monitoring technologies and said the combination would create a more comprehensive offering for customers where quality, productivity, and uptime are critical.
Eddyfi is expected to generate approximately $270 million of revenue and $80 million of adjusted EBITDA in 2026, or $100 million when including expected annualized run rate synergies. ESAB said it expects Eddyfi to deliver high single-digit organic growth and gross margins exceeding 65%, and that it anticipates unlocking $20 million of synergies as it integrates the business and deploys its ESAB Business Excellence System (EBXai), alongside additional operational and commercial benefits.
ESAB said the transaction is expected to be funded through a combination of cash on hand, debt, and $318 million of fully committed equity. The deal is expected to close in mid 2026, subject to customary closing conditions and regulatory approvals. As part of the agreement, ESAB said it has made firm commitments to maintain Eddyfi’s workforce and head office in Quebec City.
Eddyfi, headquartered in Québec, provides non-destructive testing instrumentation and related inspection technologies across markets including nuclear power generation, aerospace, defense, civil infrastructure, oil and gas, and transportation. ESAB said Eddyfi serves customers in more than 110 countries and employs more than 1,000 people.
KEY QUOTES:
“This acquisition is a pivotal step that strengthens ESAB and sets the course for our next phase of growth. We are thrilled to welcome Eddyfi into the ESAB family. With the addition of Eddyfi, ESAB becomes the unrivaled provider of a full workflow solution spanning fabrication, inspection and monitoring. This new complete offering will contribute to ESAB’s position in the industry as a partner of choice for our global customers, where quality, productivity and uptime are non-negotiable,”
“This acquisition further expands ESAB’s total addressable market by approximately $5 billion and accelerates our journey toward a portfolio that is faster growing, higher margin and less cyclical. The combination also strengthens our exposure to attractive, high-growth end markets including Aerospace and Defense, Nuclear, Energy and Civil Infrastructure.”
“Eddyfi is expected to deliver high-single-digit organic growth with gross margins exceeding 65%. As we integrate the business and deploy the ESAB Business Excellence System (EBXai), we anticipate unlocking $20 million of synergies and additional operational and commercial benefits. This acquisition is fully aligned with our disciplined capital allocation framework and our commitment to long-term shareholder value creation.”
Shyam P. Kambeyanda, President and Chief Executive Officer, ESAB Corporation
“Joining forces with ESAB marks an exciting new chapter for our team. ESAB brings the scale, resources and long-term commitment needed to support our people, strengthen our impact with customers and honour the legacy we have built. This is far from being the end of our story. It is the beginning of a new chapter defined by growth, pride and renewed momentum.”
Martin Thériault, Chairman and Founder, Eddyfi Technologies
