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ESAB to Acquire Eddyfi Technologies for $2 Billion

2/3/2026

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Summary

Story summary

ESAB Corp, a U.S. welding equipment manufacturer, announced it will acquire Canadian firm Eddyfi Technologies for approximately $2 billion.
The deal is expected to close in mid-2026.
Eddyfi Technologies is based in Quebec City and specializes in non-destructive testing instrumentation.
Eddyfi is projected to generate $270 million in revenue and $80 million in adjusted EBITDA in 2026.
ESAB has committed to maintaining Eddyfi's workforce and headquarters in Quebec.

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Story summary

ESAB Corp, a U.S. welding equipment manufacturer, announced it will acquire Canadian firm Eddyfi Technologies for approximately $2 billion.
The deal is expected to close in mid-2026.
Eddyfi Technologies is based in Quebec City and specializes in non-destructive testing instrumentation.
Eddyfi is projected to generate $270 million in revenue and $80 million in adjusted EBITDA in 2026.
ESAB has committed to maintaining Eddyfi's workforce and headquarters in Quebec.