ESAB to acquire Quebec’s Eddyfi for US$1.45-billion
Welding-equipment maker ESAB will buy Quebec-based Eddyfi for US$1.45-billion to expand into aerospace, defence, nuclear and infrastructure markets. Deal expected to close mid-2026.
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By Torontoer Staff
ESAB Corp. announced Monday it will acquire Quebec City testing-instrument maker Eddyfi Technologies for US$1.45-billion, a move the welding-equipment company says will broaden its product portfolio and give it greater exposure to fast-growing sectors.
ESAB said the deal will strengthen its position in aerospace and defence, and increase access to high-growth markets such as nuclear, energy and civil infrastructure, while expanding its global footprint.
Deal details
The transaction will be funded with a mix of cash, debt and US$318-million of fully committed equity. ESAB said Eddyfi is expected to generate about US$270-million in revenue and US$80-million in adjusted EBITDA in 2026. The companies anticipate the deal will close in mid-2026.
- Purchase price: US$1.45-billion
- Funding: cash, debt and US$318-million in committed equity
- Projected 2026 revenue for Eddyfi: ~US$270-million
- Projected 2026 adjusted EBITDA for Eddyfi: ~US$80-million
- Expected close: mid-2026
- Eddyfi headquarters and workforce to remain in Quebec City
Why Eddyfi matters to ESAB
Eddyfi supplies advanced sensing equipment, automated remote monitoring, robotics and software services across aerospace, defence and transportation industries. ESAB sees the acquisition as a way to move beyond traditional welding consumables and equipment into higher-margin inspection and testing technology that aligns with infrastructure and energy projects.
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.
Shyam Kambeyanda, ESAB CEO
Financial and strategic impact
ESAB said the purchase will broaden its product offering and support growth in sectors where inspection and non-destructive testing are increasingly critical. The company updated its full-year core revenue expectation to a range of US$2.85-billion to US$2.95-billion, reflecting the acquisition and related portfolio changes.
For Eddyfi, the deal provides access to ESAB’s global sales channels and manufacturing scale. ESAB said it will maintain Eddyfi’s workforce and keep the firm’s headquarters in Quebec City, signalling a commitment to maintaining local operations as part of the integration plan.
What to watch next
Key milestones will include regulatory approval and the companies meeting projected financial targets for 2026. Observers will also watch how ESAB integrates Eddyfi’s software and robotics capabilities into its product mix, and whether the combined business can convert cross-selling opportunities into sustained revenue growth.
The deal follows a period of consolidation in testing and diagnostic technologies, and positions a Canadian-founded firm at the centre of a larger global industrial supplier. Closing the transaction will be the first test of how well ESAB can balance debt and equity funding while pursuing broader market access.
For Quebec’s technology and manufacturing sector, the acquisition preserves local jobs and keeps corporate headquarters in the province, while linking a homegrown specialist to a larger international platform.
The transaction is on track to close in mid-2026, at which point ESAB will begin integrating Eddyfi’s operations and reporting combined results under its updated revenue guidance.
ESABEddyfiM&AQuebecaerospace
