AcquisitionsJun 2, 2026, 06:46 AM
ESAB Corp Acquires Eddyfi Holding for $1.45B
AI Summary
ESAB Corporation announced the completion of its acquisition of Eddyfi Holding Inc. for $1.45 billion in cash, subject to customary adjustments. The acquisition was financed using existing cash, proceeds from a recent senior notes offering, and private placements of Series A Mandatory Convertible Preferred Stock and Common Stock. The company also detailed the terms of its Series A Mandatory Convertible Preferred Stock, which will mandatorily convert into common stock in approximately three years. ESAB expects the addition of Eddyfi to accelerate its growth and enhance its workflow solutions.
Key Highlights
- ESAB Corporation completed the acquisition of Eddyfi Holding Inc. for $1.45 billion.
- The acquisition was financed through cash on hand, senior notes, and private placements of preferred and common stock.
- ESAB completed private placements of 175,000 Series A Mandatory Convertible Preferred Shares for $175 million.
- ESAB completed private placements of 1,254,255 Common Shares for $143 million.
- The Series A Mandatory Convertible Preferred Stock will convert into common stock in approximately three years.
- Eddyfi Technologies is a global leader in advanced inspection and monitoring technologies.
Price Impact
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