ESAB to Acquire Quebec's Eddyfi Technologies for $1.45 Billion to Expand Product Portfolio
ESAB Corp. has announced its acquisition of Canadian testing instrument manufacturer Eddyfi Technologies for $1.45 billion, aimed at expanding its product portfolio and strengthening its presence in high-growth sectors like aerospace and defense. The deal, expected to close in mid-2026, will be financed through cash, debt, and equity, with Eddyfi projected to generate $270 million in revenue by 2026. ESAB plans to retain Eddyfi's workforce and headquarters in Quebec City, maintaining its commitment to the local community.
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ESAB Corp. will acquire Canadian testing instrument manufacturer Eddyfi Technologies for US$1.45 billion. The acquisition aims to enhance ESAB's product offerings and increase its presence in high-growth markets such as aerospace, defense, nuclear, and civil infrastructure.
The deal will be financed through cash, debt, and US$318 million in equity. Eddyfi is projected to generate US$270 million in revenue and US$80 million in adjusted EBITDA by 2026. The transaction is expected to close in mid-2026, with ESAB committed to maintaining Eddyfi's workforce and headquarters in Quebec City.
Eddyfi has a history of acquisitions and was previously valued at approximately US$2 billion. The company employs around 425 staff in Quebec City and is recognized as a key player in non-destructive testing (NDT).
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