ESAB to Buy Eddyfi for $1.45B, Expanding Beyond Fabrication Into Inspection and Monitoring

ESAB to Buy Eddyfi for $1.45B, Expanding Beyond Fabrication Into Inspection and Monitoring

ESAB (NYSE:ESAB) executives outlined plans to acquire Eddyfi Technologies in a deal they said will expand the company beyond fabrication into inspection and monitoring, creating what management described as an end-to-end workflow solution spanning fabrication, inspection, and lifecycle monitoring.

ESAB to buy Quebec-based testing equipment maker Eddyfi for $1.45-billion

Welding gear marker says the deal will broaden its product portfolio and help it gain exposure to booming markets

ESAB to buy Canadian testing equipment maker Eddyfi for US$1.45 billion

Welding gear maker ESAB Corp said on Monday it would acquire Canadian testing instrument manufacturer Eddyfi Technologies for US$1.45 billion, aiming to broaden its product portfolio and gain exposure to booming markets such as aerospace and defence.

US-based welding tech company ESAB to buy Eddyfi for $1.45 billion USD

Québec City-based non-destructive testing (NDT) inspection tech provider Eddyfi is staying put under new ownership.  The deal values Eddyfi slightly more than the market cap of Lightspeed Commerce, and marks one of the few recent billion-dollar deals in the province. Maryland-based welding equipment maker ESAB agreed to purchase Eddyfi for $1.45 billion USD ($2 billion CAD) on Monday. The price tag values Eddyfi slightly more than the market ca…

Eddyfi Technologies Announces Signing of Definitive Agreement to join ESAB - CanadianSME Small Business Magazine

Eddyfi Technologies, a global leader in advanced non-destructive testing and integrity management technologies and solutions, is pleased to announce that it has entered into a definitive agreement to join ESAB, a focused premier industrial compounder. The transaction, valued at US$1.45 billion or C$2.0 billion in cash for 100 percent of the outstanding shares of the company, is subject to customary regulatory approvals and closing conditions and…