ESAB to buy Quebec’s Eddyfi Technologies in US$1.45B deal — Canada

ESAB Corporation has reached a definitive agreement to acquire Eddyfi Technologies for US$1.45 billion (C$2.0 billion), in a cash transaction that would transfer full ownership of the NDT specialist. The deal follows Eddyfi’s June 2025 separation from Previan and a parallel recapitalization of the sibling business, NDT Global, positioning the company for a standalone sale process. Company principals judged ESAB’s proposal to best meet their objectives—monetary value, stewardship of the brand, and prospects for continued growth—leading to a decision to proceed with a full sale. ESAB has committed to preserve Eddyfi’s Quebec City headquarters and workforce, signaling an intent to retain operational continuity and local R&D capabilities. Strategically, the combination pairs ESAB’s fabrication, welding and industrial services footprint with Eddyfi’s sensing, robotics and software capabilities, enabling a more integrated lifecycle solution from build to inspection to long-term integrity management. Eddyfi’s products serve nuclear, aerospace, energy, transportation and civil infrastructure applications, sectors where combined fabrication and inspection workflows can reduce lifecycle risk and improve regulatory compliance. Management indicated that Eddyfi will continue to operate under its existing leadership, maintain its product roadmaps, and pursue its current commercial commitments after closing. Financial and legal advisors were engaged on both sides, underscoring the transaction’s complexity and the need for due diligence on earnings quality and regulatory matters. For ESAB, the acquisition accelerates a strategic push into inspection and monitoring, complementing its global distribution and service capabilities and potentially improving cross-sell opportunities. For Eddyfi, the deal offers scale, capital and access to broader markets that could speed product development and international deployment. Key execution risks include regulatory approvals, integration of engineering teams and systems, and preservation of the specialized talent base that underpins Eddyfi’s technology edge. If completed as planned in 2026, the acquisition will be a notable consolidation step in industrial inspection markets and may prompt competitive repositioning among suppliers of NDT hardware and software. Overall, the transaction positions both firms to pursue a unified proposition to fabricators, asset owners and maintenance organizations while raising integration and regulatory hurdles that will determine near-term success.