ESAB acquires Eddyfi for $1.45B; reports preliminary Q4/FY2025 results and 2026 outlook

ESAB Corp

ESAB to acquire Eddyfi Technologies for $1.45B cash, expected to close mid-2026.
Eddyfi expected ~$270M revenue and $80M adjusted EBITDA in 2026; $100M with synergies.
$318M committed equity includes $175M mandatory convertible preferred (6.5%) and $143M common stock; $125M from Rales affiliates.
Preliminary Q4 2025: revenue $720-722M, core aEPS $1.34-1.36; FY2025: core revenue ~$2.7B, core aEBITDA ~$540M.
2026 outlook: core revenue $2.85-2.95B, core aEBITDA $575-595M, core aEPS $5.70-5.90; net leverage <3.0x by year-end.

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Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ESAB Corp entered into Share Purchase Agreement with 9559-2796 Québec Inc., an indirect wholly owned subsidiary, and the Vendors, Holdcos, and Vendors' Representatives party thereto valued at $1.45 billion (effective 2026-01-31).

Action: entry
Agreement: asset purchase
Counterparty: 9559-2796 Québec Inc., an indirect wholly owned subsidiary, and the Vendors, Holdcos, and Vendors' Representatives party thereto
Value: $1.45 billion
Effective: 2026-01-31

Exact text from the filing

On January 31, 2026, ESAB Corporation, a Delaware corporation (the “ Company ”), and 9559-2796 Québec Inc., a corporation governed by the laws of the Province of Québec and a wholly owned indirect subsidiary of the Company (the “ Purchaser ”), entered into a Share Purchase Agreement (the “ Agreement ”) with the vendors party thereto (the “Vendors”), certain holding companies affiliated with certain of the Vendors (the “ Holdcos ”) and the Vendors’ representatives party thereto (the “ Vendors’ Representatives ”)

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Source: SEC EDGAR

accession 0001213900-26-010528

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