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ESAB Is Buying Eddyfi — This Acquisition Could Reshape Its Entire Business Model!

ESAB Corporation recently made headlines with its definitive agreement to acquire Canadian non-destructive testing and monitoring leader Eddyfi Technologies in a $1.45 billion deal. The acquisition is a pivotal move in ESAB’s strategic journey to evolve from a welding and fabrication player into a broader industrial technology platform. Announced alongside its Q4 2025 results, this transaction underscores ESAB’s long-term strategy to reduce cyclicality, elevate margins, and integrate vertically into adjacent parts of the value chain. Eddyfi, a specialist in electromagnetic and ultrasonic testing, boasts strong end-market exposure across aerospace, defense, nuclear, and civil infrastructure — sectors characterized by mission-critical applications and attractive structural tailwinds. With expected 2026 revenues of $270 million and EBITDA margins exceeding 30%, Eddyfi fits directly into ESAB’s ambition to become a high-margin, workflow-integrated industrial compounder. The company also expects to unlock $20 million in run-rate synergies while expanding its total addressable market (TAM) by $5 billion.