Business
ESAB Corporation to Acquire Eddyfi Technologies, Creating an Unrivaled Provider of Complete Workflow Solutions
NORTH BETHESDA, Md., February 02, 2026--ESAB Corporation to Acquire Eddyfi Technologies, Creating an Unrivaled Provider of Complete Workflow Solutions
About this update from Esab Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":268,"url":"https://media.zenfs.com/en/business-wire.com/f3766a7d575fdf2e4a04921da54f1b2a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_Zm7ImOwWfHZ2WDszjWIXg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTUzNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/f3766a7d575fdf2e4a04921da54f1b2a","width":480,"height":268}},"lazy":false},{"type":"text","content":"NORTH BETHESDA, Md., February 02, 2026--(BUSINESS WIRE)--ESAB Corporation ("ESAB" or the "Company") (NYSE: ESAB), a focused premier industrial compounder, today announced that it has signed a definitive agreement to acquire Eddyfi Technologies ("Eddyfi"), a global leader in advanced inspection and monitoring technologies, for $1.45 billion.","length":372,"tagName":"p"},{"type":"text","content":"Eddyfi is expected to generate approximately $270 million of revenue and $80 million of adjusted EBITDA in 2026 or $100 million with expected annualized run-rate synergies. The acquisition is expected to be funded with a combination of cash on hand, debt and $318 million of fully committed equity. The transaction is expected to close in mid-2026, subject to customary closing conditions and regulatory approvals. As part of the transaction, ESAB has made firm commitments to maintain Eddyfi’s workforce and head office in Quebec City.","length":536,"tagName":"p"},{"type":"text","content":""This acquisition is a pivotal step that strengthens ESAB and sets the course for our next phase of growth. We are thrilled to welcome Eddyfi into the ESAB family," said Shyam P. Kambeyanda, President and Chief Executive Officer of ESAB Corporation.","length":259,"tagName":"p"},{"type":"text","content":""With the addition of Eddyfi, ESAB becomes the unrivaled provider of a full workflow solution spanning fabrication, inspection and monitoring. This new complete offering will contribute to ESAB’s position in the industry as a partner of choice for our global customers, where quality, productivity and uptime are non-negotiable," Kambeyanda continued. "This acquisition further expands ESAB’s total addressable market by approximately $5 billion and accelerates our journey toward a portfolio that is faster growin...