{"success":true,"data":{"pressRelease":{"id":"51805","rtpr_id":"nBw2Jv9jna","ticker":"ESAB","exchange":"NYSE","all_tickers":["ESAB"],"title":"ESAB Corporation Completes Acquisition of Eddyfi Technologies","author":"Business Wire","published_at":"2026-06-02T10:30:00.072Z","article_body":"ESAB Corporation Completes Acquisition of Eddyfi Technologies\n\nESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused\npremier industrial compounder, announced today it has completed its\nacquisition of Eddyfi Technologies (“Eddyfi”), a global leader in advanced\ninspection and monitoring technologies.\n\nThe addition of Eddyfi’s best-in-class instrumentation and monitoring\ntechnology builds on ESAB’s market leading end-to-end workflow solution and\naccelerates ESAB’s compounder journey.\n\n“We are thrilled to welcome the Eddyfi team to ESAB,\" said Shyam Kambeyanda,\nPresident and CEO of ESAB. \"This acquisition marks an important milestone in\nour intentional strategy to extend into the inspection and monitoring space, a\nmission-critical market where we see an impressive long-term runway for\ncompounding growth at attractive margins.\"\n\nKambeyanda continued, \"By combining Eddyfi's technology leadership with our\nglobal scale, ESAB becomes an unrivaled provider of complete workflow\nsolutions spanning fabrication, inspection, and monitoring. Eddyfi strengthens\nour portfolio, accelerates ESAB's journey toward a business that is faster\ngrowing, higher margin, and less cyclical, and reinforces our position as the\npartner of choice for customers where quality, productivity, and asset\nintegrity are non-negotiable.\"\n\n\"Beyond the strategic fit, the Eddyfi team has their culture grounded in\ntechnology leadership, a strong growth mindset, and an entrepreneurial spirit.\nTheir values align with ESAB's culture and the way we build businesses. We\nplace strong emphasis on a winning mentality, and we firmly believe that\nlong-term success comes from building, investing in, and supporting teams over\ntime. I'm confident this shared philosophy will enable Eddyfi to thrive and\nunlock extraordinary long-term value for our shareholders,\" Kambeyanda\nconcluded.\n\n\"Joining ESAB marks the beginning of a new chapter for Eddyfi, one that allows\nus to accelerate what we do best: innovating and solving critical challenges\nfor our customers. With ESAB’s global reach and resources, we will move\nfaster, expand our impact, and continue delivering the advanced inspection and\nmonitoring solutions our customers rely on every day. Just as importantly, our\nteams, our technologies, and our commitment to our customers remain unchanged.\nWe are building from a position of strength, with even greater opportunity\nahead,” said Jeff Anderson, President, Eddyfi Technologies.\n\nESAB’s second quarter results will include one month of Eddyfi’s financial\nresults, which was not reflected in ESAB’s outlook provided on May 7. ESAB\nwill provide updated full year guidance including the impact of Eddyfi on our\nsecond quarter earnings call. “We are excited about the impact that Eddyfi\nwill have on our business and look forward to updating you more fully on our\nsecond quarter earnings call,” said Kambeyanda.\n\nAbout ESAB\n\nFounded in 1904, ESAB Corporation (NYSE: ESAB) is a focused premier industrial\ncompounder. The Company’s rich history of innovative products, workflow\nsolutions and business system, EBXai, enables its purpose of Shaping the world\nwe imagine(TM). ESAB Corporation is based in North Bethesda, Maryland and\nemploys more than 9,000 associates and serves customers in approximately 150\ncountries. To learn more, visit www.ESABcorporation.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ESABcorporation.com&esheet=54545586&newsitemid=20260602518627&lan=en-US&anchor=www.ESABcorporation.com&index=1&md5=e92c25fd86366d8fc67bdacf9b45c20b)\n.\n\nAbout Eddyfi\n\nEddyfi is a global leader in advanced non-destructive testing instrumentation,\nproviding inspection technologies to assess structural integrity of critical\nassets. Eddyfi offers a broad and integrated range of capabilities, including\ntest and measurement instrumentation, advanced sensing, automated remote\nmonitoring, robotics and software across key industries such as nuclear power\ngeneration, aerospace, defense, civil infrastructure, oil and gas,\ntransportation and more. Headquartered in Québec (Canada), with a global\nfootprint, world class R&D capabilities and deep domain expertise, Eddyfi\nserves customers in more than 110 countries and empowers them to enhance\nsafety and productivity, protect the environment and save lives. Eddyfi\nemploys more than 1,000 people.\n\nForward-Looking Statements\n\nThis press release includes forward-looking statements, including\nforward-looking statements within the meaning of the U.S. Private Securities\nLitigation Reform Act of 1995. Such forward-looking statements include, but\nare not limited to, statements concerning the Company’s plans, goals,\nobjectives, outlook, expectations, and intentions, and other statements that\nare not historical or current fact. Forward-looking statements are based on\nthe Company’s current expectations and involve risks and uncertainties that\ncould cause actual results to differ materially from those expressed or\nimplied in such forward-looking statements, including general risks and\nuncertainties such as market conditions, economic conditions, geopolitical\nevents, changes in laws, regulations or accounting rules, fluctuations in\ninterest rates, terrorism, wars or conflicts, major health concerns, natural\ndisasters or other disruptions of expected business conditions. Factors that\ncould cause the Company’s results to differ materially from current\nexpectations include, but are not limited to, risks related to the impact of\nthe war in Ukraine and the conflict in the Middle East and the resulting\nescalating geopolitical tensions; impact of supply chain disruptions; the\nimpact of creditworthiness and financial viability of customers; impact of\ninflationary pressures, tariffs and trade policies, foreign exchange\nfluctuations and commodity prices; other impacts on the Company’s business\nand ability to execute business continuity plans; and the other factors\ndetailed in the Company’s Annual Report on Form 10-K for the year ended\nDecember 31, 2025 filed with the U.S. Securities and Exchange Commission\n(“SEC”) on February 20, 2026 as well as other risks discussed in the\nCompany’s filings with the SEC. In addition, these statements are based on\nassumptions that are subject to change. This press release speaks only as of\nthe date hereof. The Company disclaims any duty to update the information\nherein.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260602518627/en/\n(https://www.businesswire.com/news/home/20260602518627/en/)\n\nInvestor Relations Contact: \n\nMark Barbalato\n\nVice President, Investor Relations\n\nE-mail: investorrelations@esab.com \n(mailto:investorrelations@esab.com) \nPhone: 1-301-323-9098\n\nMedia Contact: \n\nTilea Coleman\n\nVice President, Corporate Communications\n\nE-mail: mediarelations@esab.com (mailto:mediarelations@esab.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2Jv9jna","title":"ESAB Corporation Completes Acquisition of Eddyfi Technologies","author":"Business Wire","ticker":"ESAB","created":"2026-06-02T10:30:00.072Z","tickers":["ESAB"],"exchange":"NYSE","article_body":"ESAB Corporation Completes Acquisition of Eddyfi Technologies\n\nESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused\npremier industrial compounder, announced today it has completed its\nacquisition of Eddyfi Technologies (“Eddyfi”), a global leader in advanced\ninspection and monitoring technologies.\n\nThe addition of Eddyfi’s best-in-class instrumentation and monitoring\ntechnology builds on ESAB’s market leading end-to-end workflow solution and\naccelerates ESAB’s compounder journey.\n\n“We are thrilled to welcome the Eddyfi team to ESAB,\" said Shyam Kambeyanda,\nPresident and CEO of ESAB. \"This acquisition marks an important milestone in\nour intentional strategy to extend into the inspection and monitoring space, a\nmission-critical market where we see an impressive long-term runway for\ncompounding growth at attractive margins.\"\n\nKambeyanda continued, \"By combining Eddyfi's technology leadership with our\nglobal scale, ESAB becomes an unrivaled provider of complete workflow\nsolutions spanning fabrication, inspection, and monitoring. Eddyfi strengthens\nour portfolio, accelerates ESAB's journey toward a business that is faster\ngrowing, higher margin, and less cyclical, and reinforces our position as the\npartner of choice for customers where quality, productivity, and asset\nintegrity are non-negotiable.\"\n\n\"Beyond the strategic fit, the Eddyfi team has their culture grounded in\ntechnology leadership, a strong growth mindset, and an entrepreneurial spirit.\nTheir values align with ESAB's culture and the way we build businesses. We\nplace strong emphasis on a winning mentality, and we firmly believe that\nlong-term success comes from building, investing in, and supporting teams over\ntime. I'm confident this shared philosophy will enable Eddyfi to thrive and\nunlock extraordinary long-term value for our shareholders,\" Kambeyanda\nconcluded.\n\n\"Joining ESAB marks the beginning of a new chapter for Eddyfi, one that allows\nus to accelerate what we do best: innovating and solving critical challenges\nfor our customers. With ESAB’s global reach and resources, we will move\nfaster, expand our impact, and continue delivering the advanced inspection and\nmonitoring solutions our customers rely on every day. Just as importantly, our\nteams, our technologies, and our commitment to our customers remain unchanged.\nWe are building from a position of strength, with even greater opportunity\nahead,” said Jeff Anderson, President, Eddyfi Technologies.\n\nESAB’s second quarter results will include one month of Eddyfi’s financial\nresults, which was not reflected in ESAB’s outlook provided on May 7. ESAB\nwill provide updated full year guidance including the impact of Eddyfi on our\nsecond quarter earnings call. “We are excited about the impact that Eddyfi\nwill have on our business and look forward to updating you more fully on our\nsecond quarter earnings call,” said Kambeyanda.\n\nAbout ESAB\n\nFounded in 1904, ESAB Corporation (NYSE: ESAB) is a focused premier industrial\ncompounder. The Company’s rich history of innovative products, workflow\nsolutions and business system, EBXai, enables its purpose of Shaping the world\nwe imagine(TM). ESAB Corporation is based in North Bethesda, Maryland and\nemploys more than 9,000 associates and serves customers in approximately 150\ncountries. To learn more, visit www.ESABcorporation.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ESABcorporation.com&esheet=54545586&newsitemid=20260602518627&lan=en-US&anchor=www.ESABcorporation.com&index=1&md5=e92c25fd86366d8fc67bdacf9b45c20b)\n.\n\nAbout Eddyfi\n\nEddyfi is a global leader in advanced non-destructive testing instrumentation,\nproviding inspection technologies to assess structural integrity of critical\nassets. Eddyfi offers a broad and integrated range of capabilities, including\ntest and measurement instrumentation, advanced sensing, automated remote\nmonitoring, robotics and software across key industries such as nuclear power\ngeneration, aerospace, defense, civil infrastructure, oil and gas,\ntransportation and more. Headquartered in Québec (Canada), with a global\nfootprint, world class R&D capabilities and deep domain expertise, Eddyfi\nserves customers in more than 110 countries and empowers them to enhance\nsafety and productivity, protect the environment and save lives. Eddyfi\nemploys more than 1,000 people.\n\nForward-Looking Statements\n\nThis press release includes forward-looking statements, including\nforward-looking statements within the meaning of the U.S. Private Securities\nLitigation Reform Act of 1995. Such forward-looking statements include, but\nare not limited to, statements concerning the Company’s plans, goals,\nobjectives, outlook, expectations, and intentions, and other statements that\nare not historical or current fact. Forward-looking statements are based on\nthe Company’s current expectations and involve risks and uncertainties that\ncould cause actual results to differ materially from those expressed or\nimplied in such forward-looking statements, including general risks and\nuncertainties such as market conditions, economic conditions, geopolitical\nevents, changes in laws, regulations or accounting rules, fluctuations in\ninterest rates, terrorism, wars or conflicts, major health concerns, natural\ndisasters or other disruptions of expected business conditions. Factors that\ncould cause the Company’s results to differ materially from current\nexpectations include, but are not limited to, risks related to the impact of\nthe war in Ukraine and the conflict in the Middle East and the resulting\nescalating geopolitical tensions; impact of supply chain disruptions; the\nimpact of creditworthiness and financial viability of customers; impact of\ninflationary pressures, tariffs and trade policies, foreign exchange\nfluctuations and commodity prices; other impacts on the Company’s business\nand ability to execute business continuity plans; and the other factors\ndetailed in the Company’s Annual Report on Form 10-K for the year ended\nDecember 31, 2025 filed with the U.S. Securities and Exchange Commission\n(“SEC”) on February 20, 2026 as well as other risks discussed in the\nCompany’s filings with the SEC. In addition, these statements are based on\nassumptions that are subject to change. This press release speaks only as of\nthe date hereof. The Company disclaims any duty to update the information\nherein.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260602518627/en/\n(https://www.businesswire.com/news/home/20260602518627/en/)\n\nInvestor Relations Contact: \n\nMark Barbalato\n\nVice President, Investor Relations\n\nE-mail: investorrelations@esab.com \n(mailto:investorrelations@esab.com) \nPhone: 1-301-323-9098\n\nMedia Contact: \n\nTilea Coleman\n\nVice President, Corporate Communications\n\nE-mail: mediarelations@esab.com (mailto:mediarelations@esab.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-06-02T10:30:00.130563043Z","server_sent_at_ms":1780396200130},"received_at":"2026-06-02T10:30:00.254Z","source_url":"https://www.businesswire.com/news/home/20260602518627/en/"},"analysis":{"id":"41238","press_release_id":"51805","analysis_json":{"industry":{"label":"Industrial Machinery","sector":"Industrials"},"redFlags":[],"eventType":"m_and_a","narrative":"ESAB Corporation has completed its acquisition of Eddyfi Technologies, a global leader in advanced inspection and monitoring technologies.\n\nThe deal accelerates ESAB’s strategy to become a premier industrial compounder by extending its workflow solutions into the high-margin inspection and monitoring space.\n\nESAB will include one month of Eddyfi’s financial results in its Q2 earnings, with updated full-year guidance to be provided on the upcoming earnings call.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"ESAB completes Eddyfi acquisition, unlocking high-margin inspection/monitoring growth and accelerating its compounder strategy."},"keyFigures":{"customDimensions":{"esab_employees":9000,"eddyfi_employees":1000,"esab_countries_served":150,"eddyfi_countries_served":110}},"quotedText":"This acquisition marks an important milestone in our intentional strategy to extend into the inspection and monitoring space, a mission-critical market where we see an impressive long-term runway for compounding growth at attractive margins.","namedEntities":{"people":[{"name":"Shyam Kambeyanda","role":"President and CEO of ESAB"},{"name":"Jeff Anderson","role":"President, Eddyfi Technologies"},{"name":"Mark Barbalato","role":"Vice President, Investor Relations"},{"name":"Tilea Coleman","role":"Vice President, Corporate Communications"}],"products":["EBXai","advanced inspection and monitoring technologies","non-destructive testing instrumentation"],"companies":[{"name":"ESAB Corporation","ticker":"ESAB","relationship":"acquirer"},{"name":"Eddyfi Technologies","relationship":"target"}],"dollarAmounts":[]},"materialImpact":{"score":4,"reasoning":"Completion of a strategic acquisition that expands ESAB's portfolio into high-margin inspection and monitoring, accelerating its 'compounder' strategy. 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