ESAB to Buy Eddyfi Technologies for $1.45B in Major Industrial Deal.
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| Title: | ESAB to Buy Eddyfi Technologies for $1.45B in Major Industrial Deal. |
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| Authors: | Benzinga Newsdesk |
| Source: | Benzinga. 02/02/2026. |
| Abstract: | 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. 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. [ABSTRACT FROM PUBLISHER] |
| Database: | Newspaper Source Plus |
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| Abstract: | 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. 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. [ABSTRACT FROM PUBLISHER] |
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