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

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