Finance
ESAB to buy Canadian testing equipment maker Eddyfi for $1.45 billion
Published by Global Banking and Finance Review
Posted on February 2, 2026
2 min readLast updated: February 2, 2026
Quick Summary
ESAB Corporation will acquire Eddyfi Technologies for $1.45 billion, enhancing its position in the welding industry. The deal was reported by Reuters.
ESAB Acquires Eddyfi Technologies for $1.45 Billion to Expand Offerings
ESAB's Strategic Acquisition of Eddyfi Technologies
Feb 2 (Reuters) - Welding gear maker ESAB Corp said on Monday it would acquire Canadian testing instrument manufacturer Eddyfi Technologies for $1.45 billion, aiming to broaden its product portfolio and gain exposure to booming markets such as aerospace and defense.
Details of the Acquisition
The combination will also strengthen the company's exposure to "high-growth end markets" including nuclear, energy and civil infrastructure and help expand its global presence, ESAB CEO Shyam Kambeyanda said in a statement.
Eddyfi's Market Position and Services
The deal will be funded with a combination of cash, debt and $318 million of fully committed equity, North Bethesda, Maryland-based ESAB said.
Financial Projections and Impact
Eddyfi offers advanced sensing, automated remote monitoring, robotics and software services across aerospace, defense and transportation industries.
ESAB will maintain Eddyfi's workforce and headquarters in Canada's Quebec City.
The company said Eddyfi is expected to generate revenue of about $270 million and adjusted EBITDA of $80 million in 2026.
The deal is expected to close in the middle of 2026.
ESAB also said it now expects full-year core revenue in the range of $2.85 billion to $2.95 billion.
(Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Sahal Muhammed and Maju Samuel)
Key Takeaways
- •ESAB Corporation to acquire Eddyfi Technologies.
- •The acquisition deal is valued at $1.45 billion.
- •ESAB is a major player in the welding gear industry.
- •The acquisition was reported by Reuters.
- •Megavarshini G. Somasundaram reported from Bengaluru.
Frequently Asked Questions about ESAB to buy Canadian testing equipment maker Eddyfi for $1.45 billion
1What is an acquisition?
An acquisition occurs when one company purchases another company, gaining control over its assets and operations. This can be done through cash, stock, or a combination of both.
2What is corporate strategy?
Corporate strategy refers to the overarching plan and direction a company takes to achieve its goals, including decisions on acquisitions, resource allocation, and market positioning.
3What is investment?
Investment involves allocating resources, usually money, to generate income or profit. This can include purchasing stocks, bonds, real estate, or other assets.
