Eddyfi Technologies signs definitive agreement to join ESAB
04/03/2026
Eddyfi Technologies, a global leader in advanced non-destructive testing (NDT) and integrity management technologies and solutions, has announced that it has entered into a definitive agreement to join ESAB, a focused premier industrial compounder. The transaction, valued at US$1.45 billion (approximately £1.06 billion) in cash for 100% of the outstanding shares of the company, is subject to customary regulatory approvals and closing conditions and is expected to close later in 2026.
This announcement marks an important milestone following the split of Previan into two separate entities: NDT Global and Eddyfi Technologies, in June 2025. NDT Global was refinanced in June and entered a new cycle and growth chapter with essentially the same shareholders as Eddyfi. As Eddyfi underwent the process, several refinancing options were considered, but the value of the ESAB offer, the priorities of the founders and executives, the business size and maturity, as well as the perspectives of brand legacy and growth with ESAB, made the difference to a complete sale to ESAB.
The join with ESAB aims to position Eddyfi Technologies for its next chapter of global expansion, technological progress and long-term sustainability. As part of the transaction, ESAB has made firm commitments to maintain Eddyfi’s workforce and head office in Québec City, Canada.
Over the past decade, Eddyfi Technologies has grown from a Québec-based innovator into a global provider of advanced inspection and monitoring technologies. ESAB brings a complementary global presence and a strong tradition of engineering excellence, operational discipline and long-term industrial stewardship. The combination of ESAB and Eddyfi creates a strategic opportunity to offer customers a more complete workflow, from fabrication to inspection and monitoring, supported by expanded global service capabilities and a stronger innovation platform. It also positions Eddyfi within a larger organisation with the scale and reach to support its long-term development.
“We are confident that ESAB is the right partner to help fuel our continued growth,” said Jeff Anderson, President and Chief Executive Officer of Eddyfi Technologies. “Their industrial depth, international reach and values-driven approach make them an excellent match for our culture and the next phase of our evolution.”
Martin Thériault, Chair and Founder of Eddyfi Technologies, reflected on the significance of this moment: “What our teams have built, from a spark in Québec City to a global force in industrial technology, is something we can all be proud of. Our story has been shaped by innovation, courage and the belief that world-class technology can be created and scaled from right here at home.”
Martin continued: “ESAB brings the scale, resources and long-term commitment needed to support our people, strengthen our impact with customers and honour the legacy we have built. This is far from being the end of our story. It is the beginning of a new chapter defined by growth, pride, renewed momentum and continued expansion from here in Québec City.”
Following the closing of the transaction, expected in the second quarter of the year, Eddyfi Technologies will continue to operate with its current leadership teams, product roadmaps and commercial commitments. ESAB has taken a firm commitment to retain Eddyfi’s headquarters in Québec and invest further in Québec operations, recognising the region as a foundation for the combined company’s Inspect and Monitoring growth strategy.
Eddyfi’s product lines serve critical global sectors, including nuclear power generation, aerospace and defence, energy, manufacturing, transportation and civil infrastructure. ESAB’s presence in fabrication technologies offers a complementary market position that supports an integrated lifecycle approach, from construction and welding to inspection, maintenance and integrity management.
Eddyfi offers a broad and integrated range of capabilities, including test and measurement instrumentation, advanced sensing, automated remote monitoring, robotics and software across those key industries listed above.
The company serves customers in more than 110 countries and empowers them to enhance safety and productivity, protect the environment and save lives. Eddyfi delivers high performance NDT inspection technologies and employs more than 1000 people.
Founded in 1904, ESAB is based in North Bethesda, Maryland, USA, and employs approximately 10,300 associates and serves customers in approximately 150 countries.
www.eddyfi.com
esab.com
