ESAB Corp. to Acquire Eddyfi Technologies for US$1.45B

ESAB Corp. announced on 2 February that it has signed a definitive agreement to acquire Eddyfi Technologies, a provider of advanced inspection and monitoring technologies, for US$1.45 billion. The transaction represents a strategic move for the American–Swedish company as it expands beyond welding and fabrication into inspection, monitoring, and integrity management markets.

Eddyfi employs more than 1000 people and provides test and measurement instrumentation, advanced sensing, automated remote monitoring, robotics, and software solutions to customers in more than 110 countries. The company serves end markets including aerospace and defense, nuclear power generation, energy, and civil infrastructure.

“With the addition of Eddyfi, ESAB becomes the unrivaled provider of a full workflow solution spanning fabrication, inspection and monitoring,” said Shyam P. Kambeyanda, President and CEO of ESAB Corp. “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.”

Eddyfi is expected to generate approximately $270 million in revenue and $80 million of adjusted EBITDA in 2026, or $100 million including expected annualized run-rate synergies. ESAB anticipates that Eddyfi will 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,” Kambeyanda said.

The acquisition transaction is expected to close in mid-2026. Under the agreement, ESAB has committed to maintaining Eddyfi’s workforce and head office in Quebec City, Quebec, Canada. Eddyfi will continue operating with its current leadership teams, product roadmaps, and commercial commitments after the transaction closes.

“We are confident that ESAB is the right partner to help fuel our continued growth,” said Jeff Anderson, Eddyfi’s President and CEO. “Their industrial depth, international reach, and values-driven approach make them an excellent match for our culture and the next phase of our evolution.”

The announcement follows the June 2025 split of Previan into two separate entities—NDT Global and Eddyfi Technologies. While Eddyfi reportedly explored several refinancing options, the company cited the value of ESAB’s offer, alignment with founder and executive priorities, and long-term growth and brand legacy considerations as key factors in agreeing to a full sale.

Separately, ESAB also provided preliminary results for the fourth quarter and full year 2025. For the fourth quarter, the company expects revenue of $720 million to $722 million and core revenue of $687 million to $689 million.