Welding equipment maker ESAB Corp. has agreed to acquire Quebec City–based testing instrument manufacturer Eddyfi Technologies for US$1.45 billion (approximately C$1.98 billion). The transaction is intended to broaden ESAB’s product portfolio and increase its exposure to high-growth end markets including aerospace, defence, nuclear, energy and civil infrastructure. ESAB plans to fund the deal with a mix of cash, debt and US$318 million (about C$434 million) of fully committed equity, and will maintain Eddyfi’s work force and headquarters in Quebec City. Eddyfi provides advanced sensing, automated remote monitoring, robotics and software services across aerospace, defence and transportation industries. ESAB stated that Eddyfi is expected to generate about US$270 million (roughly C$368 million) in revenue and adjusted EBITDA of US$80-million (around C$109 million) in 2026. The acquisition is expected to close in mid-2026, subject to customary conditions. ESAB also updated its outlook, now expecting full-year core revenue in the range of US$2.85 billion to US$2.95 billion (approximately C$3.89 billion to C$4.02 billion).