ESAB Enters Agreement to Acquire Eddyfi Technologies

ESAB has entered into a definitive agreement to acquire Eddyfi Technologies, a global leader in advanced inspection and monitoring technologies. “This acquisition is a pivotal step that strengthens ESAB and sets the course for the 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.

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. This acquisition further expands ESAB’s total addressable market by approximately $5 billion and accelerates its journey toward a portfolio that is faster growing, higher margin and less cyclical. The combination also strengthens the company’s exposure to attractive, high-growth end markets, including Aerospace and Defence, Nuclear, Energy and Civil Infrastructure.

Go through the full announcement: ESAB Corporation to Acquire Eddyfi Technologies.