Previan announces strategic evolution: Eddyfi Technologies and NDT Global to operate as independent industrial technology leaders
02/07/2025
Previan has announced the launch of a key strategic realignment initiative that will result in Eddyfi Technologies and NDT Global operating as two independent and autonomous entities. This evolution reflects Previan’s commitment to unlocking the full potential of its two business units and positioning them for accelerated growth and continued innovation.
Over the past decade, Previan has built a world-class industrial technology platform, pushing the boundaries of non-destructive testing (NDT) and integrity management. With leading positions in their respective industries as well as distinct business models and end markets, Eddyfi Technologies and NDT Global are well positioned to chart their own respective paths, supported by dedicated leadership and tailored strategies, separate balance sheets and streamlined operations.
“This is an exciting moment for our group,” said Martin Thériault, Founder and CEO of Previan. “By empowering Eddyfi Technologies and NDT Global to operate independently, we are enabling each to pursue their own focused growth strategies, including executing on their attractive innovation pipelines, capitalising on mergers and acquisitions (M&A) opportunities and better serving their respective customers and markets.”
Concurrently, Novacap will amplify their partnership by making a significant additional investment to become the key shareholder of NDT Global, while maintaining its existing investment and ownership in Eddyfi Technologies. CDPQ, along with Previan’s founders and executives, will remain shareholders in both entities. The majority of Previan’s corporate staff will remain with either Eddyfi Technologies or NDT Global and both businesses are expected to be fully standalone by the end of 2025.
“This is a thoughtful and strategic step forward that reflects the strength of our partnership with Previan,” said David Lewin, Lead Senior Partner at Novacap. “By establishing Eddyfi Technologies and NDT Global as fully independent entities, we are enabling focused execution and strategic clarity. We look forward to supporting their continued progress as each company builds on its core capabilities and market positions.”
“Since 2017, CDPQ has backed Previan five times in its plan to grow through acquisitions and diversify technologically and geographically,” said Kim Thomassin, Executive Vice-President and Head of Québec at CDPQ. “We are proud to support this structuring milestone that will allow NDT Global and Eddyfi Technologies to realise their full potential. We have been at the forefront of Previan’s rise and we remain committed to supporting the distinct trajectories of two entities driving innovation in the Québec technology ecosystem.”
“Overall, this realignment will enhance operational agility, reinforce each company’s core strengths and create value and new opportunities for employees, customers and investors alike,” added Martin. “Both Eddyfi Technologies and NDT Global are entering a new chapter defined by autonomy, ambition and a renewed commitment to excellence in technology and service.”
