ESAB to acquire EWM GmbH for ~€275M; expands heavy industrial welding equipment

ESAB Corp

Acquisition of German-based EWM GmbH for ~€275M; EWM expected to generate ~€120M revenue in 2025.
Deal is expected to be EPS accretive in year one; ROIC >10% before year five.
EWM gross margins >45% with high-single-digit sales growth; funded by cash on hand.
Post-close net leverage ratio ~2.0x; expected closing H2 2025 subject to approvals.
Strengthens ESAB's Fabtech heavy industrial equipment segment and expands market reach.

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