ESAB to Acquire Eddyfi Technologies for US$1.45 Billion

ESAB Corporation has entered into a definitive agreement to acquire Eddyfi Technologies, the Quebec City-headquartered global leader in advanced inspection and monitoring technologies, for approximately US$1.45 billion.

The acquisiiton will bring Eddyfi into ESAB's portfolio of industrial businesses and is expected to strengthen its capabilities in high-value inspection, monitoring and asset integrity solutions. Eddyfi is projected to generate approximately US$270 million in 2026 revenue and US$80 million in adjusted EBITDA, rising to approximately US$100 million with anticipated annualized synergies.

ESAB plans to fund the transaction through a combination of cash, debt and US$318 million in fully committed equity. The transaction is expected to close in mid-2026, subject to customary conditions and regulatory approvals. As part of the agreement, ESAB has committed to maintaining Eddyfi's workforce and headquarters in Quebec City, reinforcing its long-term investment in the region.

Advisory Team:

Bennett Jones LLP

Curtis Cusinato

Andrew Bozzato

Jean Tessier

Olivier Caron