ESAB Acquires Eddyfi to Expand Market Reach and Strengthen Workflow Solutions

Reuters02-02
ESAB Acquires Eddyfi to Expand Market Reach and Strengthen Workflow Solutions

ESAB Corporation is acquiring Eddyfi, a global leader in advanced non-destructive testing instrumentation. The combination will create a comprehensive workflow solution spanning fabrication, inspection, and monitoring, strengthening ESAB’s presence in high-growth markets such as aerospace, defense, nuclear, energy, and civil infrastructure. The deal expands ESAB’s total addressable market by approximately $5 billion and is expected to deliver high-single-digit organic growth with gross margins exceeding 65%. ESAB anticipates unlocking $20 million in synergies and additional operational and commercial benefits as it integrates Eddyfi and deploys its business excellence system. Eddyfi’s workforce and head office in Quebec City will be maintained as part of the transaction.

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