ESAB to buy Canada's Eddyfi for $1.45 billion; shares fall

ESAB

02/02/2026 14:44

** Shares of welding gear maker ESAB Corp ESAB.N down 5.3% at $115.80

** Co to acquire Canadian testing instrument manufacturer Eddyfi Technologies for $1.45 bln, to broaden its product portfolio and gain exposure to aerospace and defense markets

** Deal to be funded with combination of cash, debt and $318 mln in fully committed equity - ESAB

** Co estimates Eddyfi acquisition to generate revenue of about $270 mln in 2026; now expects FY core revenue between $2.85 bln and $2.95 bln

** Deal expected to close in mid-2026

** As of last close, ESAB stock down 2.5% over the past year

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))